When faced with the many challenges arising from the international environment, which we also anticipate in the coming period, it is crucial that Serbia’s external and fiscal positions are much better than in previous crises, which is attributable to the responsible economic policy pursued in the previous period.
At present, despite the pandemic, Serbia is much better prepared for the challenges we are faced with in the international commodity and financial markets, including the monetary policy normalisation of leading central banks. A significant improvement in the current account of the balance of payments and the country’s fiscal position achieved in the prior years was not jeopardised even during the pandemic.