As these large-scale asset purchases build up, they are delivering stimulus through a process that is often called quantitative easing, or QE. Here’s how it works. Purchases of government bonds help to lower their yields. With funding markets now functioning properly, our weekly purchases also make borrowing cheaper for households and businesses.
In many areas of the economy, Serbia has already reached or exceeded pre-crisis levels – in the industry, export of goods, retail trade and employment. Average net wage increased in 2020 by 9.4% relative to the previous year.