“Further price hike and lower standard – inevitability”
BizLife 28.03.2022 | Beta
Professor of the Faculty of Economics in Belgrade, Dejan Soskic, has pointed out that the increase in energy prices will not be short-term and the secondary effects will spill over to the rest of the economy through the reduction of economic activity and the pressure on the increase in prices caused by the growth in costs.
In an interview with the Nezavisnost.org portal, he said that it was difficult to assess the wider consequences of the war in Ukraine, but that the developments in the Ukrainian crisis could significantly change the circumstances, including the economic consequences on Europe, and thus on Serbia. “What is already clear now is that our trade ties with Ukraine and Russia will be, and already are, very difficult or impossible. The provision of alternative energy
