economic momentum

Domestic Demand and Services Sector to Drive Economic Momentum in 2026

The National Bank of Serbia (NBS) has identified domestic demand as a key stabilizing factor in its macro-financial outlook for 2026. This perspective contrasts with the traditional view of consumption-led growth in emerging markets, as the NBS anticipates that the expansion of domestic demand will be underpinned by income growth, disciplined credit practices, and a focus on the services sector. Such an approach is expected to minimize the risks of macroeconomic imbalances. Household consumption is projected to strengthen in 2026,…