The Impact of the Covid-19 Crisis on the Serbian Economy - Consequences and Recovery

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Marija Lazarević-Moravčević
Sandra Kamenkovic


The subject of this paper is the analysis of the consequences of the corona crisis on the Serbian economy, observed from the perspective of individual sectors and small and medium enterprises. The study assumes that pandemic business conditions did not affect all segments of the economy equally. Some sectors are directly affected by the crisis, while in others there is no direct impact, but there is a possibility of subsequent consequences. The aim of this paper is to identify the most sensitive segments of the economy, as well as to assess the effectiveness of measures taken with the intention to mitigate the effects of the crisis and provide support to those segments of the economy. Desk-research method was used in the paper, primarily analyzing papers and publications from scientific journal and other professional literature, as well as official data, databases and reports of relevant institutions. In conclusion, the authors state that it is extremely difficult to predict the pace at which the Serbian economy will recover from the crisis, especially under the assumption that the pandemic may continue. Recovery from the crisis is determined by a number of factors: measures that the state will implement in the upcoming period, the company's ability to adapt to new business conditions, the pace of vaccination, the further course of the pandemic, events in the environment.

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