Bosnia Economic Outlook
June 4, 2019The economy seems set to lose further momentum in Q2. In April, industrial production again declined, due to a stark contraction in energy production, while export growth decelerated further, dragged down by flagging demand for minerals and food, which offset a pick-up in manufacturing exports. This follows an expected deceleration in economic growth in Q1, due to weakness in the industrial and external sectors. Household spending, however, was likely healthy in Q1, with retail sales growth continuing apace in March to round off a solid quarter. In politics, meanwhile, a center-right, conservative coalition between the SBB and SDA has been agreed upon in principle; however, NATO membership remains a difficult hurdle in forming a new government.
Bosnia and Herzegovina Economic GrowthEconomic growth should maintain a steady, albeit more moderate, pace this year on the back of domestic demand. Slower EU growth, uncertainty over the reform agenda, and political tensions—in part related to potential NATO membership—all threaten the outlook however. Our panel expects growth of 2.7% in 2019, which is down 0.3 percentage points from last month’s forecast, and 3.0% in 2020.
Bosnia and Herzegovina Economy Data
5 years of Bosnia and Herzegovina economic forecasts for more than 30 economic indicators.
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Bosnia and Herzegovina Facts
|Exchange Rate||1.74||-0.65 %||Jun 13|
|Stock Market||0.1||0.0 %||Jun 13|
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