macroeconomic stability

Serbia’s Economic Model Faces Shift From Stability to Productivity Growth

The National Bank of Serbia bulletin confirms that the country’s monetary system remains stable, supported by high foreign-exchange reserves, sustained liquidity in the banking sector, continued growth in deposits, and a stable dinar framework. These conditions reflect strong macro-financial resilience for a small open economy exposed to energy price volatility, EU demand fluctuations, capital-flow movements, and foreign-currency liabilities. Monetary Framework Remains Strong Across Key Indicators Serbia’s financial system continues to show solid fundamentals. Foreign-exchange reserves remain elevated, the banking sector…