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An economic recovery is underway on the heels of the authorities' large and timely policy response. By 1Q2021, GDP exceeded its pre-crisis level and growth in 2021 is expected to reach 6.5 percent, supporting a smaller-than-expected fiscal deficit. Headline inflation increased above the 4.5...
Persistent link: https://www.econbiz.de/10013169536
Recent economic developments. Supported by a large policy package, Serbia's economy rebounded quickly from the initial …
Persistent link: https://www.econbiz.de/10012604207
Recent economic developments. Economic activity recovered following a severe contraction in 2Q2020 caused by the pandemic. Real output in 2020 has been revised up and is now projected to contract by only 1.5 percent, on the back of positive highfrequency indicators. Inflation remains low. The...
Persistent link: https://www.econbiz.de/10012439042
adverse impact on Serbia's economic activity, with output in 2020 projected to contract by 3 percent, compared to a 4 percent …
Persistent link: https://www.econbiz.de/10012302785
This paper discusses Serbia's Fourth and Fifth Reviews Under the Stand-By Arrangement and Rephasing of the Arrangement … elections. Further structural reforms are required to improve the business climate and support Serbia's medium-term growth …
Persistent link: https://www.econbiz.de/10011689139
This paper discusses Republic of Serbia's 2019 Article IV Consultation and Second Review Under the Policy Coordination … Instrument. Serbia's macroeconomic performance, supported by the Policy Coordination Instrument, has been strong. Growth has been …, Serbia remains vulnerable to spillovers from external developments, including weaker-than-expected growth in key trading …
Persistent link: https://www.econbiz.de/10012108335
Recent economic developments. The program is broadly on track and the economy is growing strongly, supported by private consumption, investment, and exports. Fiscal performance remains sound, modernization of the tax administration has accelerated, and public debt has fallen sharply. Inflation...
Persistent link: https://www.econbiz.de/10012109240
Serbia succeeded in addressing macroeconomic imbalances and restoring confidence and growth under the precautionary SBA … Serbia needs for faster income convergence with its EU peers. The authorities requested a 30-month Policy Coordination …
Persistent link: https://www.econbiz.de/10011919798