Republic of Serbia: Staff Report for the 2010 Article IV Consultation, Third Review Under the Stand-By Arrangement, and Financing Assurances Review
Electronic Access:
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Summary:
This 2010 Article IV Consultation highlights that the authorities’ adjustment program has contributed to limiting the fallout of the global crisis on Serbia. Although the output slump has been limited relative to regional peers, the decline in domestic demand has been significant, resulting in a strong external adjustment. The outlook for 2010 points to a slow but balanced recovery. The pickup in growth will likely be moderate, reflecting slow trading-partner recovery, protracted corporate deleveraging, nominal freezes in public wages and pensions, and lagging labor market adjustment.
Series:
Country Report No. 2010/093
Subject:
Balance of payments statistics Banking Economic and financial statistics Expenditure External debt Fiscal policy Fiscal stance Foreign exchange Pension spending
English
Publication Date:
April 9, 2010
ISBN/ISSN:
9781455205622/1934-7685
Stock No:
1SRBEA2010002
Pages:
92
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