Analysis of Economic Trends in the Republic of Serbia (With Focus on the Vrbas Municipality)

Subić, Jonel and Jeločnik, Marko (2014) Analysis of Economic Trends in the Republic of Serbia (With Focus on the Vrbas Municipality). In: International Scientific Conference "Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region" : Rural development and (un)limited resources. Institute of Agricultural Economics, Belgrade, pp. 327-343. ISBN 978-86-6269-036-4

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Abstract

The world economic crisis, from the end of the last decade of current century, has led to a global recession, as well as to the fall of the values of all macroeconomic aggregates and indicators in large number of world countries. Many nations are faced with the problems of decline in production and export, expressed illiquidity of actors within the local economies, turbulences in the labour market, rapid fall of the living standard and other. Unfortunately, gradual recovery of the world economy was cut in 2011 by new global challenge embodied in the public debt crisis. As previously mentioned problems were also came to Serbia, the main goal of the paper is identified in the brief review of economic trends through the achieved macroeconomic aggregates (such as GDP, FDI, unemployment rate and other) in the last few years. During the presentation and analysis of the key macroeconomic aggregates was used the bottom-up approach (from national to the level of local communities), with a special focus to the economic trends in the municipality of Vrbas. Since that level of development and recovery of the national economy are significantly contained in the intensive attraction of financial assets (from domestic and international funds) and investment in new and recapitalization of existing holders of economic activities, a broader overview of realized investment trends in observed time and spatial frame (with assessment of realized investments in agriculture) it is also provided

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