Serbia: crowds celebrate in Belgrade after Vučić admits defeat

Crowds gathered in Belgrade to celebrate after President Aleksandar Vučić announced his party's defeat in Serbia's snap parliamentary election. This outcome follows nearly two years of student-led demonstrations in the country. The election results signify a shift in public opinion and a change in the political landscape of Serbia.

Why it matters

The ruling party's defeat may lead to a change in economic policies, potentially boosting investor sentiment. This could attract foreign capital and lift the Serbian economy.

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