The National Bank of Serbia’s contribution to faster and sustainable economic growth and increase in employment will continue through price stability and relative stability of the exchange rate, with lower costs of private sector financing A key fact regarding economic growth is that the current account deficit was reduced owing to outstanding export results of the Serbian economy, which was also facilitated by the activation of earlier investment and the recovery of external demand.
One of the clear messages we heard was that the strong labor market that prevailed before the pandemic was generating  See the report Fed Listens: Perspectives from the Public (Board of Governors, 2020b), which summarizes the 14 Fed Listens events hosted by the Board and the Federal Reserve Banks during 2019, as well as an additional event in May 2020 to follow up with participants about the effects of the COVID-19 pandemic on their communities.