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Economic Indicators of Condition and Tendencies of Serbian Economy



    () (Faculty of Agriculture Belgrade, Serbia)

  • Marko JELOCNIK

    () (Institute of Agricultural Economics Belgrade, Serbia)

  • Jonel SUBIC

    () (Institute of Agricultural Economics Belgrade, Serbia)


Global economic crisis has, following financial crisis, hit real sector, and as after effect, large number, mostly developed countries in the world are in recession. Serbian industry is also influenced by global economic crisis. Outer debt is significantly and constantly increasing since beginning of transition process. Main cause to it is rather large disproportion between import and export. Trends in structure of outer debt indicate on notable decrease of national debt on account to private one, during whole transition period. On short term there is no significant risk for country on account of outer debt, but for long term elimination of this risk, it is necessary to considerably increase total export. Former policies should be linked to unconventional employment initiatives, as for new labour, as for redundant ones from restructuring economy branches. State has prominent role in transition process, by helping market exhibit its functions through physical and institutional infrastructure, as well trough public sector, removing most of the market obstacles, and stimulating technical-technological development and education.

Suggested Citation

  • Zorica SREDOJEVIC & Marko JELOCNIK & Jonel SUBIC, 2011. "Economic Indicators of Condition and Tendencies of Serbian Economy," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 348-358, December.
  • Handle: RePEc:rom:econmn:v:14:y:2011:i:2:p:348-358

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    More about this item


    economic indicators; economy; transition; tendencies.;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E0 - Macroeconomics and Monetary Economics - - General
    • E29 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Other


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