IDEAS home Printed from https://ideas.repec.org/a/onb/oenbfi/y2006i2b4.html
   My bibliography  Save this article

Serbia: Country Profile and Recent Economic Developments

Author

Listed:
  • Klaus Michal

    ()

  • Tomáš Slacík

    () (Oesterreichische Nationalbank, Foreign Research Division)

Abstract

This study provides an overview of economic developments in the Republic of Serbia since the end of the Miloševic regime in the fall of 2000. Starting from a short review of the political context, the study reports on Serbia’s relations with the EU and the IMF as well as the Paris and the London Clubs. Subsequently, the most important structural reform measures are presented. The article then turns to macroeconomic developments, focusing on GDP growth, the labor market, inflation, monetary policy, fiscal policy and the external sector. Based on this discussion, the paper concludes that after a lost decade Serbia has embarked on a fairly dynamic transition path and has achieved substantial progress in recent years. At the same time, however, the Serbian authorities are still facing a set of key challenges at the current juncture, such as high inflation and unemployment or the high current account deficit. Other major tasks include further advancing the privatization process and combating corruption. On the political front, further progress in the cooperation with the International Criminal Tribunal for the Former Yugoslavia (ICTY) in The Hague is needed, also with a view to promoting negotiations with the EU on a Stabilisation and Association Agreement. Given that Serbia’s economic weight is comparatively large in the Western Balkans, a successful completion of the transformation process in Serbia is important also from a regional perspective.

Suggested Citation

  • Klaus Michal & Tomáš Slacík, 2006. "Serbia: Country Profile and Recent Economic Developments," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 109-133.
  • Handle: RePEc:onb:oenbfi:y:2006:i:2:b:4
    as

    Download full text from publisher

    File URL: https://www.oenb.at/dam/jcr:716c0b09-2a60-4b06-b840-915ab4b21577/feei_2006_2_michal_slacik_tcm16-49919.pdf
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbfi:y:2006:i:2:b:4. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Markus Eller). General contact details of provider: http://edirc.repec.org/data/oenbbat.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.