COVID-19
The IMF is fully committed to supporting our member countries, particularly the most vulnerable; we have the tools to help; and we are coordinating closely with our partner institutions.
The Serbian economy has shown resilience despite headwinds from energy supply disruptions, a weak harvest, domestic protests, global trade tensions, and the war in the Middle East. Looking ahead, the war is expected to keep energy sector risks elevated, constraining growth even as rising real incomes and EXPO-related activity provide support. The approaching electoral cycle could weaken policy discipline and delay structural reforms, further weighing on medium-term growth constrained by slowing capital accumulation and modest productivity gains.
An overall resilient world economy masks significant differences among countries and regions. Energy importers and countries with limited policy space are most vulnerable
Economic thinking must evolve to account for a shift in how nations pursue security, growth, and influence
As governments intervene more, evidence shows that the benefits are modest and depend on thoughtful design
The region’s central banks have built significant credibility over two decades, anchoring price expectations and bolstering resilience against external shocks
Governments can protect vulnerable households, keep businesses open, and preserve price signals without straining public finances
Resilience, supervision, and international coordination are essential to safeguarding global financial markets as new AI tools enable attackers
