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10 nations with highest inflation

May 19, 2008

10. Serbia: 15.5%

Serbia's fragile economy, which mostly rests on agriculture, services and some manufacturing activity, has been going through a reform process for a long time. However, economic sanctions that were imposed on the nations in the 1990s have hit Serbia's economy so hard that its myriad economic problems continue to this day.

Unemployment is rampant, foreign investment is down to a trickle, foreign exchange reserves are low, and political instability are keeping good projects from taking off.

Although the nation is growing at a robust pace, the rising inflation -- currently at 15.5% -- is hurting the Serbian economy.

Image: A trader bags onions at a market in Termez, Uzbekistan. | Photograph: Oleg Nikishin/Getty Images

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