2020
DOI: 10.2298/eka2025033u
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The Serbian economy ten years after the global economic crisis

Abstract: The global financial crisis hit the Serbian economy severely in late 2008. The subsequent decade has been characterized by negative or very modest economic growth and Serbia is now just slightly above the development level of ten years ago. This paper analyses the most important economic milestones during this decade and investigates why only modest progress has been made, despite various measures implemented by the Serbian government. It examines the background to Serbia?s delayed transition… Show more

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Cited by 6 publications
(4 citation statements)
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“…In comparison to other countries with more stable economies, the recession following 2007 and 2008 had a rather heavier impact in Serbia with the lowest growth of the Serbian Gross Domestic Product (GDP) when compared to other western Balkan countries at that time ( 45 , 46 ). The World economic crisis led to an increase of unemployment, fear of job loss, and lower quality of life among Serbian citizens.…”
Section: Discussionmentioning
confidence: 99%
“…In comparison to other countries with more stable economies, the recession following 2007 and 2008 had a rather heavier impact in Serbia with the lowest growth of the Serbian Gross Domestic Product (GDP) when compared to other western Balkan countries at that time ( 45 , 46 ). The World economic crisis led to an increase of unemployment, fear of job loss, and lower quality of life among Serbian citizens.…”
Section: Discussionmentioning
confidence: 99%
“…Maintaining economic growth and seizing the post-crisis time to strengthen public governance, attract international and domestic investment, and enable companies to expand and create quality employment should be top priorities (Uvalić, Cerović & Atanasijević, 2020). The survey predicted that if the economy is back on track and investment opportunities are high again, a mix of market, regulatory, and schooling changes may increase GDP per capita by 1% annually.…”
Section: Corporate Governance Practices In Turkey Under Covid-19 Pand...mentioning
confidence: 99%
“…Indeed, in the aftermath of Yugoslavia's collapse in the 1990s, the Serbian economy faced a very deep political crisis and international sanctions-provoking severe, profound, and long-lasting institutional deterioration. Following the decade characterised by a fall in income, a rise in poverty, and hyperinflation [6], Serbia's belated transition to a market economy began as late as the early 2000s. However, the ensuing episode of strong growth and political stability was abruptly stopped by the effects of the 2008 global economic crisis-implying that Serbia's economy never managed to fully catch up with its Central and East European neighbors.…”
Section: Introductionmentioning
confidence: 99%