Economic Themes (2025) 63 (2) 3, 149-169
Predrag Dragičević
Abstract: This paper presents economic development in the Republic of Serbia (RS) and the surrounding countries during the world economic crisis of 2008 and the crisis caused by the COVID-19 pandemic, which was followed by the war in Ukraine. The aforementioned crises had negative consequences in their own way on the world economy, including the economy of the Republic of Serbia and the neighboring countries. Until then, the world economic crisis was considered the biggest world crisis, but the crisis caused by the COVID-19 pandemic and the war in Ukraine surpassed it. Answers are sought to the question of how the economic and political conditions in the world caused by the global economic crisis, the Covid-19 pandemic and the war in Ukraine significantly affect the economic trends in the RS and the neighboring countries and whether the current economic crisis caused by the Covid-19 pandemic and the war in Ukraine leads to more serious consequences than was the case with the World Economic Crisis of 2008? The aim of the research is to look at the changes in macroeconomic indicators in order to point out the key challenges for the state, which will enable the assessment of the consequences due to the unpredictability and duration of the COVID-19 pandemic and the war in Ukraine, which will affect the future development of the country. In order to respond to the set goal of the research, data were collected on the gross domestic product (GDP), the reference interest rate (RIR), inflation and the movement of foreign direct investments (FDI) in the country and the surrounding countries.
Keywords: World economic crisis; COVID-19; gross domestic product (GDP); inflation; foreign direct investments (FDI)
ECONOMIC MOVEMENTS IN THE REPUBLIC OF SERBIA DETERMINED BY ECONOMIC AND POLITICAL CONDITIONS IN THE WORLD WITH REFERENCE TO THE SURROUNDING COUNTRIES
Predrag Dragičević
Abstract: This paper presents economic development in the Republic of Serbia (RS) and the surrounding countries during the world economic crisis of 2008 and the crisis caused by the COVID-19 pandemic, which was followed by the war in Ukraine. The aforementioned crises had negative consequences in their own way on the world economy, including the economy of the Republic of Serbia and the neighboring countries. Until then, the world economic crisis was considered the biggest world crisis, but the crisis caused by the COVID-19 pandemic and the war in Ukraine surpassed it. Answers are sought to the question of how the economic and political conditions in the world caused by the global economic crisis, the Covid-19 pandemic and the war in Ukraine significantly affect the economic trends in the RS and the neighboring countries and whether the current economic crisis caused by the Covid-19 pandemic and the war in Ukraine leads to more serious consequences than was the case with the World Economic Crisis of 2008? The aim of the research is to look at the changes in macroeconomic indicators in order to point out the key challenges for the state, which will enable the assessment of the consequences due to the unpredictability and duration of the COVID-19 pandemic and the war in Ukraine, which will affect the future development of the country. In order to respond to the set goal of the research, data were collected on the gross domestic product (GDP), the reference interest rate (RIR), inflation and the movement of foreign direct investments (FDI) in the country and the surrounding countries.
Keywords: World economic crisis; COVID-19; gross domestic product (GDP); inflation; foreign direct investments (FDI)
