Directorate-General for Economic and Financial Affairs (DG ECFIN) published on 22 January 2021 the economic report for the Q4 2020 "EU Candidate Countries’ & Potential Candidates’ Economic Quarterly (CCEQ)"

European Commission emphasized that in October 2020, the IMF completed the final review mission under the Policy Coordination Instrument before its expiry at the end of January. The IMF acknowledged the key role of monetary, financial and fiscal support in 2020 and invited Serbia to sustain the economic recovery while maintaining fiscal responsibility in 2021 and accelerate structural reforms

Economic activity recorded a strong q-o-q rebound in Q3 2020, reflecting the recovery from the spring 2020 lockdown period. Thus, the y-o-y decrease of real GDP was limited to 1.4% after having contracted by 6.3% in Q2 2020.

According to the data from the Q3 2020, the unemployment rate was 9%, while the public debt of Serbia was 57.1% of GDP. Also, it was stated that the average inflation rate in 2020 was 1.6%.