foreign trade deficit

Serbia’s economic challenges: Trade deficit, diminishing FDI, and long-term sustainability concerns

As 2024 progresses, Serbia’s economic outlook presents a mixture of challenges and caution. Towards the end of last year, troubling data regarding Serbia's foreign trade deficit emerged, with the third-quarter deficit reaching 10.5 percent. While the first two quarters recorded deficits below three percent of GDP, estimates for 2024 suggest a deficit range of 5.5 to six percent of GDP. What is particularly concerning is the decline in all aspects of foreign trade, including remittances, an increase in outflows from…