Republic of Serbia: Selected Issues Paper

July 15, 2013

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Format: Chicago

Republic of Serbia: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed November 23, 2024

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.

Subject: Aging, Corporate income tax, Expenditure, Labor, Pensions, Population and demographics, Taxes, Wages

Keywords: Aging, Corporate income tax, CR, Deficit, Europe, FDI inflow, GDP, Global, Greenfield FDI, Indexation rule, ISCR, Pension, Pensions, Resource revenue account, Serbia, Tax expenditure, Wages

Publication Details

Pages:

130
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/207
Stock No:

1SRBEA2013002
ISBN:

9781484301302
ISSN:

1934-7685

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