Republic of Serbia: Selected Issues Paper
Electronic Access:
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Summary:
This Selected Issues paper on Serbia’s Article IV Consultation reviews the precrisis growth paradigm and its legacy vulnerabilities. The underlying growth model proved vulnerable to shocks, being associated with a high share of nontradable, low domestic savings, and a fragile external position. Convergence to EU income levels was relatively moderate. Economic growth fell following the onset of the global financial crisis and further slowed the pace of convergence. Serbia’s postcrisis income gap remains larger by comparison to more advanced regional economies. Structural bottlenecks continue to undermine overall competitiveness and constrain growth potential.
Series:
Country Report No. 2013/207
Subject:
Aging Corporate income tax Expenditure Labor Pensions Population and demographics Taxes Wages
English
Publication Date:
July 15, 2013
ISBN/ISSN:
9781484301302/1934-7685
Stock No:
1SRBEA2013002
Pages:
130
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