Impressum and Table of ContentsFrom the EditorReviewEconomic ActivityEmployment and WagesBalance of Payments and Foreign TradePrices and the Exchange RateFiscal Flows and PolicyMonetary Flows and PolicyInternational EnvironmentHighlightsSpotlight On 1 - Serbia’s competitiveness Measuring competitiveness and country rankings in the World Economic Forum Global CSpotlight On 2 - Fiscal consolidation through tackling labor taxes evasionSpotlight On 3 - Macroeconomic and Distributional Effects of Efficiency-Driven Tax Reform ProposalQM25-26 Complete