Republic of Serbia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Serbia
Volume/Issue:
Volume 2008
Issue 054
Publication date: February 2008
ISBN: 9781451834895
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , ISCR , CR , core inflation , deficit , headline inflation , fiscal policy stance , staff projection , stock market development , privatization revenue , staff appraisal , exchange rate , Current account balance , Credit , Global
Summary
The Serbian economy has continued to grow strongly, but external imbalances have widened along with vulnerabilities. To contain domestic demand, fiscal surpluses are needed, until the benefits of structural reforms are reaped. Low inflation should be entrenched by adoption of inflation targeting once government support and sound fiscal policies are in place. Competitiveness should be restored through corporate restructuring and wage moderation. Accelerating structural reforms is the key. Financial stability risks have been managed by building adequate buffers. The supervisory framework should continue to be strengthened.
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