Republic of Serbia: Staff Report for the 2010 Article IV Consultation, Third Review Under the Stand-By Arrangement, and Financing Assurances Review

April 9, 2010

Preview Citation

Format: Chicago

Republic of Serbia: Staff Report for the 2010 Article IV Consultation, Third Review Under the Stand-By Arrangement, and Financing Assurances Review, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This 2010 Article IV Consultation highlights that the authorities’ adjustment program has contributed to limiting the fallout of the global crisis on Serbia. Although the output slump has been limited relative to regional peers, the decline in domestic demand has been significant, resulting in a strong external adjustment. The outlook for 2010 points to a slow but balanced recovery. The pickup in growth will likely be moderate, reflecting slow trading-partner recovery, protracted corporate deleveraging, nominal freezes in public wages and pensions, and lagging labor market adjustment.

Subject: Balance of payments statistics, Banking, Economic and financial statistics, Expenditure, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Pension spending

Keywords: Adjustment strategy, Balance of payments statistics, Consumer cash loan, CR, Fiscal stance, Global, Growth potential, Inflation expectation, ISCR, Pension spending, Policy, Policy action, Regime, Tolerance band

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/093
Stock No:

1SRBEA2010002
ISBN:

9781455205622
ISSN:

1934-7685

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