Republic of Serbia: Fifth Review under the Policy Coordination Instrument-Press Release; and Staff Report
January 8, 2021
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Recent economic developments. Economic activity recovered following a severe contraction in 2Q2020 caused by the pandemic. Real output in 2020 has been revised up and is now projected to contract by only 1.5 percent, on the back of positive highfrequency indicators. Inflation remains low. The banking system remains liquid. After the two waves in March and July, the number of new infections has accelerated again since mid-October, reaching record-high levels and a larger-than-expected deterioration presents a clear downside risk.
Subject: COVID-19, Exchange rates, Fiscal risks, Loans, Public debt
Keywords: CR, credit guarantee scheme, inflation band, ISCR, Medium-term priority, program priority, Serbia's real GDP growth
Pages:
67
Volume:
2021
DOI:
Issue:
008
Series:
Country Report No. 2021/008
Stock No:
1SRBEA2021001
ISBN:
9781513566252
ISSN:
1934-7685
