Economic Forecast for Serbia
- W shaped European crisis reflected on the Serbian economy
This publication comprises the economic forecast for Serbia for the period 2012 and 2013. The forecast has been generated using a macroeconomic model, which was developed in cooperation between Vojvodina CESS, the Institute for Advanced Studies - IHS from Vienna and the Institute for Economic Research “Economica” from Vienna. The generation of forecasts, as well as the publication Economic Forecast for Serbia, has been taken over by the Agency for Balanced Regional Development of AP Vojvodina, the legal successor of Vojvodina-CESS. Current situation in the Republic of Serbia is based on the analysis of: (1) Economic activity, (2) Foreign direct investment, (3) Fiscal policy, (4) Monetary developments and the fnancial sector, (5) Foreign trade and (6) Employment and salaries.
- Recovery underway, but challenges for economic policy remain topical
Economic forecast for 2011 and 2012 is the result of applying the macroeconomic model that was developed in cooperation between Vojvodina CESS and the Institute for Advanced Studies (Institute for Advanced Studies - IHS), Vienna. This report presents the current situation and future trends in international environment. It includes a summary of relevant data about the conditions inside the Serbian economy and indicates that Serbia is overcoming the crisis and that it is on the road to recovery, but there are many challenges along the way.
- Employment on the recovery path
Economic Forecast for Serbia for 2010 and 2011 is another result of the macroeconomic model application for Serbia, developed by CESS in cooperation with The Institute for Advanced Studies IHS in Vienna. After sharp economic downturn in 2009. a slow recovery is expected for 2010, followed by a moderate acceleration of GDP growth in 2011. In this publication, you may find forecasts regarding GDP, unemployment, budget, and all other relevant macroeconomic indicators, both specifically for Serbia and in the global economic context.
- Slow recovery follows sharp downturn
Macroeconomic model for Serbia is and instrument developed by CESS in cooperation with IHS institute from Vienna. The macroeconomic model is a useful tool for decision-makers in economic sphere, companies, private households in their investment, consumption and saving decisions.