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DROP / aa8755e8-2cee-4c31-8b5d-f2ea5923134e / How many years after the economics of Serbia and Montenegro entered a prolonged…

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question

How many years after the economics of Serbia and Montenegro entered a prolonged decline did it start showing signs of recovery?
passage · full text (1,176 characters)
Serbia and Montenegro was a confederated union which existed between 2003 and 2006. The two republics initially formed the Federal Republic of Yugoslavia in 1992. The economics of Serbia and Montenegro entered a prolonged decline in 1989. Exacerbated by the economic embargo imposed during the Bosnian war, the Federal Republic of Yugoslavia (FRY) economys downward spiral showed no real sign of recovery until 1995. Gross domestic product was nowhere near its 1991 level, but the Kosovo War of the basic infrastructure of the country and many factories, as well as a renewed embargo caused a further huge drop in GDP in relation to the 1991 level. The first sign of an economic recovery occurred in 2001 after the removal of Milošević on 5 October 2000.  A vigorous team of economic reformers has worked to tame inflation (non-energy inflation is less than 9% in 2002, down from over 120% two years earlier) and rationalize the Serbia and Montenegro economy. Gross domestic product, although only half of its 1997 level, is projected to increase steadily in the near future. As of January 2005 GDP has recovered to 55-60% of its 1990 level, due to GDP growth of 8.5% in 2004.

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Source and history

upstream_id / Original problem ID
aa8755e8-2cee-4c31-8b5d-f2ea5923134e
task_id
57f0c5e5-81d4-5482-a411-f026a0e1ebec
task_key
default--validation--aa8755e8~2d2cee~2d4c31~2d8b5d~2df2ea5923134e
task_revision_id
1
config / split
default / validation

Official source

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