On a Thin, Hot Wire

Economic Growth In Serbia

Despite inflationary pressure easing and encouraging FDI inflows, the complexity of the global political and economic crisis, which also is spilling over onto Serbia, doesn’t leave much room for optimism. Under such conditions, those shaping public policy require much more wisdom, tact and understanding of social circumstances than under normal conditions

Economic growth in Serbia is this year expected to reach a maximum of two per cent, as a result of a more stringent monetary and fiscal policy, high inflation, weak foreign demand and unfavourable conditions internationally for borrowing. Given these challenges and the need to boost economic growth and confront the current situation, what measures could the government consider? We posed this question to our economist interlocutors and received an array of very nuanced answers. 

Bojan Stanić, Chamber of Commerce & Industry of Serbia Assistant Director, Sector for Strategic Analysis, Services and Internationalisation

Improvement Won’t Come Quickly

We hope this crisis will not deepen and that Serbia, like other European countries, will have higher growth rates in the coming years than...

Branimir Jovanović, Economist at the Vienna Institute for International Economic Studies

Not the Right Time To Save

GDP growth stats don’t mean much in these kinds of crises, because the majority of people are living worse than before in spite of...

Dragoljub Rajić, Director, Rail Cluster for Southeast Europe

Failure To Provide Better Conditions Causes Workers To Depart

It is urgent that we reduce our wage burden to the level of Bulgaria, because higher taxes and contributions mean that our employers are...

Nebojša Savić Ph.D., FEFA University

Investments Are Crucial To Long-Term Recovery

It is vital for Serbia to preserve the attractiveness of its business environment in order to secure further FDI inflows. It is simultaneously also...