Tag Archives: macroeconomic cycle
Serbia’s new macro cycle: energy volatility, CBAM risk and sovereign funding pressures reshape the outlook
During CW21, Serbia’s inflation expectations, industrial margins and financial stability became increasingly tied to electricity-market volatility, higher imported energy costs and sovereign financing pressure. Even as…
National Bank of Serbia flags shift to a more complex macroeconomic cycle
The National Bank of Serbia says inflation has returned to its target corridor and the banking system remains resilient, but it warns that price stability and…
Serbia’s early-2026 slowdown looks managed, but financing and external risks are tightening
Serbia started 2026 with inflation back in the National Bank of Serbia’s target range and a broadly contained fiscal stance, but growth has cooled to about…
Serbia’s early-2026 current account surplus masks a shift away from FDI
Serbia posted a €418.7 million current account surplus in January, but the improvement coincided with a sharp 76.9% year-on-year fall in net FDI inflows. The gap…