Perhaps the clue is in its name but the shadow economy’s drain on economic growth and public finances can be difficult to recognise. And, unfortunately, consumers can often unwittingly contribute to its growth, writes George Simon.
The shadow economy limits the state's ability to provide public services, according to 2/3rds of Serbians surveyed. 8 out of 10 say it inhibits growth. For a country in which undocumented trade accounts for 30% of its GDP, the concern could not be clearer. EURACTIV.rs reports.
Effective since the beginning of 2015, the minimum wage seems to be paying off, with statistics showing that fewer workers have been dependent on the Hartz IV unemployment benefit. EURACTIV Germany reports.