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Croatia needs new model to manage public debt

Author: spez
ZAGREB, Dec 5 (Hina) - Croatia needs to change its model of managing its public debt as the current model is based on fiscal consolidation, reducing expenditure in the public sector and on labour force flexibility, which is resulting in a GDP decline and that's a vicious circle, an economist and professor at the Zagreb Economics Faculty, Drago Jakovcevic, said on Friday.

(Hina) sp

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