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external shock

Serbia enters the next external shock with €30.5bn of reserves and a stronger sovereign profile

Serbia’s principal defence against another external shock is no longer simply exchange-rate intervention. It is the combination of €30.5bn in foreign-exchange reserves, public debt of...

Structural risks and external shock transmission in 1Q 2026

The macroeconomic environment in Serbia during the first quarter of 2026 is shaped not only by internal dynamics but also by a complex and...
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