The Impacts of the Global Economic Crisis on Serbia

The aim of this work is to describe and analyze the state of Serbian economy before and during the global economic crisis and evaluate its impacts on the economy of Serbia in terms of different macroeconomic variables. It particularly focuses on the impact of the crisis on the financial sector, Serbian dinar exchange rate, foreign debt, exports, foreign direct investments and unemployment. The work deals further with the anti-crisis measures of the Serbian government and the National Bank of Serbia, which has been taken and their effectiveness. Finally, the current situation of Serbian economy is portrayed and possible solutions for the crisis are proposed