Economic Indicators of Condition and Tendencies of Serbian Economy

Zorica Sredojevic (), Marko Jelocnik () and Jonel Subic
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Zorica Sredojevic: Faculty of Agriculture Belgrade, Serbia
Marko Jelocnik: Institute of Agricultural Economics Belgrade, Serbia
Jonel Subic: Institute of Agricultural Economics Belgrade, Serbia

Economia. Seria Management, 2011, vol. 14, issue 2, 348-358

Abstract: Global economic crisis has, following financial crisis, hit real sector, and as after effect, large number, mostly developed countries in the world are in recession. Serbian industry is also influenced by global economic crisis. Outer debt is significantly and constantly increasing since beginning of transition process. Main cause to it is rather large disproportion between import and export. Trends in structure of outer debt indicate on notable decrease of national debt on account to private one, during whole transition period. On short term there is no significant risk for country on account of outer debt, but for long term elimination of this risk, it is necessary to considerably increase total export. Former policies should be linked to unconventional employment initiatives, as for new labour, as for redundant ones from restructuring economy branches. State has prominent role in transition process, by helping market exhibit its functions through physical and institutional infrastructure, as well trough public sector, removing most of the market obstacles, and stimulating technical-technological development and education.

Keywords: economic indicators; economy; transition; tendencies. (search for similar items in EconPapers)
JEL-codes: A10 E0 E29 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:14:y:2011:i:2:p:348-358

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