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Serbia Macroeconomic Snapshot: Opportunities and Challenges Ahead

Explore the macroeconomic landscape of Serbia with insights on GDP growth, inflation, trade deficits, and more. Learn about the impact on local markets and the importance of fiscal policy reforms for sustained growth.

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Serbia Macroeconomic Snapshot: Opportunities and Challenges Ahead

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  1. DPA / VBT Visit 30th May Hotel Moskva, Belgrade Macroeconomic Snapshot – Serbia

  2. Key observations GDP growth of Serbia is related to trends in the EU After strong growth in period 2000-2005, in last six years average growth was 2.1% Inflation is like a family member Economy functions with inflationary expectations higher than in the EU, average for last six years 6.7% The EU is a key foreign trade partner of Serbia Trade deficit is a traditional problem Unemployment is high Low labourcosts Budget deficit linkedwith IMF stand-by agreement

  3. GDP andgrowth Source: National Bank of Serbia and the IMF

  4. GDP (in €, mln) Source: National Bank of Serbia and Ministry of Finance

  5. Inflation (%) Source: National Bank of Serbia and the IMF

  6. Foreigntrade Source: National Bank of Serbia and Statistical Office

  7. Trade deficit and GDP Source: National Bank of Serbia and Statistical Office

  8. Unemployment Source: Statistical Office

  9. Labour costs in € Source: National Bank of Serbia and Statistical Office

  10. Public debt Source: National Bank of Serbia

  11. Whatcoulditmeanforyou? Recovery of the local market slow Inflationless of a risk thanbefore (Gradual) depreciation of localcurrency Costs of labourtoremaincompetitive Calculating FX risks whensellingtoSerbia Fiscal policy reformsnecessary Reductionof subsidies

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