Republic of Serbia: 2021 Article IV Consultation and Request for a 30-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Republic of Serbia
IMF Staff Country Reports, June 21, 2021
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- Republic of Serbia: 2021 Article IV Consultation and Request for a 30-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Republic of Serbia
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Bibliographic details
- Published: June 21, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513583181.002
Recent economic developments
- Supported by a large policy package, Serbia’s economy rebounded quickly from the initial COVID-19 shock, recording a 1 percent contraction of real GDP in 2020.
- Job losses have mostly been contained to the informal sector, thanks to policy measures aimed at preserving formal employment.
- A supplementary budget for 2021 was adopted in April boosting capital expenditure and extending policy support to households and corporates.
- The economic context includes third and fourth waves of infections and related containment measures, as well as a weaker-than-expected economic recovery in key trading partners.
- Inflation remains low.
- After rising again in late February, infections tapered, helped by new containment measures and the rapid vaccine rollout.
Subjects and keywords
- Subjects: COVID-19, Economic and financial statistics, Exchange rates, Financial institutions, Foreign exchange, Government finance statistics, Health, International organization, Loans, Monetary policy, Public debt
- Keywords: COVID-19, Europe, Exchange rates, GDP data, Global, Government finance statistics, inflation expectation, Loans, pension indexation rule, policy buffer, production method, public debt level, reform momentum, SOE reform, support package
Republic of Serbia: 2021 Article IV Consultation and Request for a 30-Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Republic of Serbia — June 21, 2021.
Content in this bundle
- 1srbea2021002