wiiw Current Analyses and Forecasts
Serbia: Stagnation at Best
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in: New Divide(s) in Europe?
wiiw Current Analyses and Forecasts No. 9, March 2012 , pp. 107-109
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In Serbia, growth is grinding to a halt this year. Medium-term prospects depend in part on the outcome of the general elections in May and the presidential elections sometime this year. There is scope for significant economic policy changes and gradual recovery in the following couple of years. Improved relations with the EU – Serbia is now a candidate country hoping to start negotiating with the EU early next year – should prove helpful if sustained. The key issue is the huge drop in employment and possible social backlash.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: SEE, Serbia