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The world economic crisis is not the cause of the economic crisis in Serbia, but the consequences of the global economic crisis will, to a great extent, certainly also appear in Serbia, primarily in the form of a reduction in the inflow of credit funds and foreign direct investment and in the form of a reduction in demand for domestic goods abroad and a difficulty in marketing our products outside the borders of Serbia. The measures that the Serbian government introduced in the period between January and August 2009, as a means of relieving the consequences of the global economic crisis, are enforced and short-term in character and are more a way of ‘fire fighting’ instead of being a pattern for a long-term way out of the crisis and for the development of the Serbian economy. The government has also expressed hesitancy in its decision-making and in the introduction of these specific measures.

The influence of the world economic crisis in Serbia, the measures of the government, the role of the IMF and the trade union response