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Serbia and Montenegro Staff Report for the 2005 Article IV Consultation

This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004, putting at risk some of the impressive earlier achievements. Growth, about 5 percent in nonagriculture since 2002, has been fueled by a surge in domestic demand. Lack of competitive d...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Staff Country Reports
Subjects:
Macroeconomics
Monetary Economics
Expenditures, Public
Current Account Adjustment
Public Finance
International Economics
Foreign Exchange
International Lending And Debt Problems
Prices
Deflation
Public Finance & Taxation
Fiscal Policy
Expenditure
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Short-term Capital Movements
Price Level
Balance Of Payments
Currency
Current Account Deficits
National Government Expenditures And Related Policies: General
Exports And Imports
Credit
Inflation
Debts, External
Money And Monetary Policy
External Debt
Taxation
Serbia, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004, putting at risk some of the impressive earlier achievements. Growth, about 5 percent in nonagriculture since 2002, has been fueled by a surge in domestic demand. Lack of competitive domestic production has led to increased imports and a widening current account deficit. The main policy challenge is to maintain macroeconomic stability while accelerating structural reform. Fiscal policy needs to be tightened substantially, and its flexibility increased by reducing the large share of nondiscretionary spending
Physical Description:165 pages
ISBN:9781451833577

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