Finally, albeit more speculatively, such an environment might help reverse  31  As discussed later, the current difference between the unemployment rate and its normal longer-run level likely understates the actual amount of slack that remains in the labor market.
I now give the floor to Ana Ivković who will present to you in more detail our view of Serbia’s macroeconomic prospects in the period ahead. Thank you for your attention. 2  BIS central bankers’ speeches