Youth Struggling due to Unemployment in Southeast Europe

Unemployment rate has gone so high in Southeast Europe that young people are feeling immense pressure of being not able to support their family. Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia are the six countries that form the Southeast Europe.

Unemployment rate is over 20% in Serbia with even worse youth unemployment rate, i. e. 50%. Youths in Serbia are struggling with high unemployment, limited growth, and ongoing financial hurdles attributable to global financial crisis.

High unemployment, limited growth, and ongoing financial hurdles categorize the labour markets in these six countries. It is especially among people between the ages of 15-24.

A high-level policy dialogue was held by the World Bank, in collaboration with the Austrian Ministry of Finance, the Vienna Institute for International Economic Studies, and the Global Development Network, on `Youth Employment in Southeast Europe'.

The highlight of the conference was high rate of youth unemployment in Southeast Europe compared to other countries in the world.

Dusan, a student at the University of Belgrade in Serbia, said, "I am not overly ambitious career wise. I would be very satisfied if my job would make it possible for me to support myself and my family". He will begin to hunt for a job as soon as he finishes his degree.


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