Serbia: The unexpected resignation of the Minister of Finance illustrates the implementation difficulties of structural reforms

Emerging Markets Special Focus Reports

23 July 2014

Ioannis Gkionis, Senior Economist of Eurobank

• The economy is edging towards recession in 2014, the third in the last five years, on weak economic data from the recent catastrophic floods and the lack of thorough reform
• The Minister of Finance resigned unexpectedly on disagreements with th