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PM Sanader on calculating grey economy share in GDP

ZAGREB, Dec 7 (Hina) - Croatian Prime Minister Ivo Sanader has saidthere was a very clear methodology which helps calculate the share ofgrey economy in Gross Domestic Product, adding that his cabinet willnot make any decisions regarding that issue but decision will be madeby economists.
ZAGREB, Dec 7 (Hina) - Croatian Prime Minister Ivo Sanader has said there was a very clear methodology which helps calculate the share of grey economy in Gross Domestic Product, adding that his cabinet will not make any decisions regarding that issue but decision will be made by economists.

Sanader said this on Wednesday commenting on reporters' questions regarding the arrival of the International Monetary Fund representatives in Croatia and the definition of tourism as an export branch.

When it comes to grey economy, the government will follow criteria existing in other countries, the PM said, adding that all countries that joined the EU in May 2004 had to do the same.

This will not be decided by the government, but by economy experts as it is the case in EU countries, he said. We must be very careful with that, Sanader said, pointing to the case of Slovenia which had to correct GDP twice while calculating grey economy in GDP.

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