Issue link: https://read.uberflip.com/i/1324354
68 November, 2020 Serbia Global: 44 Availability: 56 Cost: 28 Regulation: 30 Productivity: 44 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 27 Availability: 35 Cost: 13 Regulation: 22 Productivity: 20 Remote Readiness 35 Remote Readiness 54 Serbia has spent $2.9 billion USD in response to Covid-19. The economic response includes: • Bonuses and increased wages for healthcare workers • Wage subsidies for employees in SMEs and also entrepreneurs • Wage subsidies for workers from larger companies unable to work • Stimulus payments to pensioners and all adult citizens • Food and hygiene packages for vulnerable women • Support for the hotel industry https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Borders in Serbia are open although residents from specific countries will need to provide a negative test result to enter. Masks are required in public places. Local lockdown rules apply in some areas. 5.6% 4.7% 0% 20% Serbia Regional Ave. % of GDP Serbia Q4 2019* Q4 2020* % Change YOY Total Workforce 3.25M 3.07M -6% Unemployment Rate (%) 10.3% 7.3% -29% Unemployed Workers 335K 224K -33% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/