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Serbia’s real wages jump 9.4% as rising pay strengthens consumption but raises the cost of the FDI labour model

Serbia’s labour market is moving into a new phase in which wages are no longer merely catching up with inflation but are beginning to...

Real wages above inflation: Serbia’s consumption boom and margin risk

Serbia’s wage data explain why the consumer economy has remained resilient. The average net wage reached RSD 118,736 in Q1 2026, up 11.7% nominally and 8.8% in real terms year-on-year. In March...
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