Republic of Serbia: Selected Issues Paper

Republic of Serbia: Selected Issues Paper
ISBN-10
1484301307
ISBN-13
9781484301302
Series
Republic of Serbia
Category
Business & Economics
Pages
130
Language
English
Published
2013-07-15
Publisher
International Monetary Fund
Author
International Monetary Fund. European Dept.

Description

This Selected Issues paper on Serbia’s Article IV Consultation reviews the precrisis growth paradigm and its legacy vulnerabilities. The underlying growth model proved vulnerable to shocks, being associated with a high share of nontradable, low domestic savings, and a fragile external position. Convergence to EU income levels was relatively moderate. Economic growth fell following the onset of the global financial crisis and further slowed the pace of convergence. Serbia’s postcrisis income gap remains larger by comparison to more advanced regional economies. Structural bottlenecks continue to undermine overall competitiveness and constrain growth potential.

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