macroeconomic structure

Emerging Macroeconomic Structure in Serbia for 1Q 2026

The first quarter of 2026 has highlighted a significant transformation in Serbia's macroeconomic framework, characterized by a four-pillar system that showcases various strengths and vulnerabilities. This evolving structure is shaped by both domestic and external factors. Domestic consumption stands as the primary pillar, fueled by increasing wages, stable employment rates, and supportive fiscal policies. This element is crucial for sustaining retail activities and service sectors, although its long-term viability hinges on continued income growth and the management of inflation levels.…