Neither New Zealand nor Australia has had an experience even remotely similar. It is worth looking briefly at some of the factors which have provoked recent problems in Asia because understanding these factors helps in understanding why the sorts of vicious corrections we have witnessed in Asia are not likely to happen here.
When it comes to the country’s external position, the effects of the pandemic will manifest in all segments – exports, imports, remittances, primary income... But, overall, according to our projection and the projections of other institutions, our current account deficit will be lower compared to last year, with net exports providing a positive contribution to Serbia’s growth.