Republic of Serbia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Serbia
February 5, 2008
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The Serbian economy has continued to grow strongly, but external imbalances have widened along with vulnerabilities. To contain domestic demand, fiscal surpluses are needed, until the benefits of structural reforms are reaped. Low inflation should be entrenched by adoption of inflation targeting once government support and sound fiscal policies are in place. Competitiveness should be restored through corporate restructuring and wage moderation. Accelerating structural reforms is the key. Financial stability risks have been managed by building adequate buffers. The supervisory framework should continue to be strengthened.
Subject: Balance of payments, Credit, Current account balance, External debt, Fiscal policy, Foreign exchange, Money
Keywords: core inflation, CR, Credit, Current account balance, deficit, exchange rate, fiscal policy stance, Global, headline inflation, ISCR, privatization revenue, staff appraisal, staff projection, stock market development
Pages:
70
Volume:
2008
DOI:
Issue:
054
Series:
Country Report No. 2008/054
Stock No:
1SRBEA2008001
ISBN:
9781451834895
ISSN:
1934-7685
