: Growth previously driven by labor and capital accumulation is reaching its limit, necessitating a shift toward productivity-led growth.
Successful implementation of these structural reforms is essential for Serbia to narrow the income gap with the EU. By focusing on productivity and innovation, Serbia can offset declining labor and capital contributions and secure a higher growth trajectory for the coming decades. Republic of Serbia: Selected Issues (2025) - IMF eLibrary meagan-177-002
: A persistent gap between available skills and those demanded by modern industries. : Growth previously driven by labor and capital