01646cas a2200241 a 4500 AALejournalIMF021444 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513566252 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Serbia : Fifth Review under the Policy Coordination Instrument-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (67 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Recent economic developments. Economic activity recovered following a severe contraction in 2Q2020 caused by the pandemic. Real output in 2020 has been revised up and is now projected to contract by only 1.5 percent, on the back of positive highfrequency indicators. Inflation remains low. The banking system remains liquid. After the two waves in March and July, the number of new infections has accelerated again since mid-October, reaching record-high levels and a larger-than-expected deterioration presents a clear downside risk. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2021/008 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/008/002.2021.issue-008-en.xml IMF e-Library