At 3-4% a year, Serbia is not growing as fast as it could. Yet, it is well-positioned to turn itself into a fast-growing and sophisticated modern economy, driven by the private sector. A new wave of structural reforms would be necessary to achieve this.
Under a new Growth Strategy Serbia could speed up growth, enable catch up with its peers in Central and Eastern Europe, and hasten convergence with the EU.
Starting on a path to achieve a level similar to Germany’s performance in such areas as financial sector depth, human capital, product market competition, and government effectiveness, Serbia could grow at 7% per year, doubling its income in a decade.
“Serbia’s New Growth Agenda” provides an analytical base to support a growth strategy that can help Serbia to grow faster.
Forthcoming analyses and policy papers focus on the following topics:
- Serbia’s growth challenge and the New Growth Agenda.
- The financial sector as an enabler of small-firm growth.
- Fiscal policy for growth.
Human Capital for Growth
- The labor market.
- Skills and education.
Raising Productivity and Exports
- Firm-level productivity diagnostic.
- Facilitation of business and investment, and internationalization of firms.
- Product market regulation.
Download Serbia's New Growth Agenda (pdf)
Download Serbia's Growth Challenge (Concept Note, pdf)