Although inflation may not seem to be the key factor behind the protests that were started by students in Serbia and later joined by citizens, it is at their root. Many citizens feel insecure and dissatisfied not only for political reasons, but also because of the economic situation that makes everyday life difficult, Demostatus writes in the published analysis.

The economy is often one of the key factors in political change. When the standard of living of citizens, even in democratic societies, begins to deteriorate, support for ruling parties usually begins to decline, and the political scene becomes unstable. This pattern was clearly observed during the Great Depression (1929-1933), which was politically not survived by almost all governments of that time around the world, writes Demostat.

We can draw a parallel with today's events around the world. After the pandemic and since the start of the war in Ukraine, the world is facing high inflation and a deterioration in the living standards of citizens.

As a result of this situation, many ruling parties lose elections, and citizen dissatisfaction causes social upheaval.

In Germany, the economic crisis led to an increase in unemployment to over 30 percent, which created fertile ground for political extremism and the rise of Hitler and the Nazis to power. In Great Britain, the depression caused an increase in poverty and unemployment, which led to changes in government and economic policy.

The Labour Party (Macdonald) was replaced by the Conservatives (Baldwin, and later Chamberlain). France, Italy and other European countries, including the Balkans, also suffered severe consequences, leading to political changes and the rise of populism, but also to the strengthening of extremism, analyzes H1 Info.