Republic of Serbia: 2013 Article IV Consultation

July 15, 2013

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Republic of Serbia: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 25, 2024

Summary

This staff report on the Republic of Serbia’s Article IV Consultation highlights economic background and policies. The global financial crisis exposed Serbia’s unsustainable growth model and its key vulnerabilities. Robust growth has not taken off, and economic activity is below precrisis levels amid widespread structural rigidities. Serbia’s economy is recovering from recession but faces multiple challenges. The successful launch of Fiat production in 2012 is contributing to growth this year, and inflation is declining. Potential growth is constrained by multiple structural hurdles resulting from unfinished structural reforms. Rebalancing the policy mix and launching a comprehensive package of structural reforms are critical to unlocking Serbia’s growth potential.

Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Labor, Public debt, Wages

Keywords: CR, Deficit, Draft budget, Europe, Fiscal stance, Global, Government, Indexation, Indexation formula, Inflation targeting framework, ISCR, Policy, Policy challenge, Policy priority, Reform package, Wages

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/206
Stock No:

1SRBEA2013001
ISBN:

9781484301661
ISSN:

1934-7685

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