CERTAIN MACROECONOMIC INDICATORS WITH SPECIAL REFERENCE TO THE SERBIAN MARKET
CERTAIN MACROECONOMIC INDICATORS WITH SPECIAL REFERENCE TO THE SERBIAN MARKET

Summary/Abstract: The aim of this paper is to analyze some macroeconomic parameters with special reference to the changes in the stock exchange index at the beginning of 2020 caused by the Corona virus (COVID-19), which is spreading globally and affecting the world economy. A significant contribution to the work will be the prediction of the impact of the global crisis caused by the pandemic on the Serbian market. In addition to the analysis of macroeconomic trends, we will present the impact of financial derivatives and their advantage in providing a certain flexibility, which is necessary for investors to protect themselves from financial risks. The use of financial derivatives increases the value of the company and reduces expensive external financing. The world pandemic is the cause of the fall in the prices of property and goods, which began to fall rapidly, which in turn caused the fall of stock exchange indexes, the price of oil and oil derivatives. The expansion of the pandemic caused the fastest decline in shares in the history of stock exchange trading. Investors are increasingly interested in the impact of the pandemic, what the macroeconomic effects will be and how it will affect the business of companies. It is expected that during 2020, there will be a decline in income in banks and other sectors. Financial institutions will have large losses due to rising unemployment. The impact of declining consumer and business demand will weaken the credit ratings of many countries. Due to the pandemic and the closure of borders, there has been a decrease in revenues in branches, such as tourism and trade. Risk aversion caused capital outflows, changes in financing conditions and caused changes in exchange rates.

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