consumption

Domestic Demand Takes Larger Role in Serbia’s 2026 Growth Mix

Serbia's economic expansion is increasingly being supported by household consumption and investment as external demand and foreign capital contribute less to growth than during earlier phases of the expansion. The latest financial-stability indicators from the National Bank of Serbia (NBS) show continued resilience across employment, inflation and banking activity. Employment conditions have improved, inflation has moderated and banks continue to expand lending. At the same time, the composition of economic growth is changing. Domestic consumption and investment are providing a…