Bosnia Economic Outlook
October 5, 2021The economy likely performed well in the second quarter amid the gradual relaxation of movement restrictions. Industrial output growth picked up notable steam in the period, and merchandise exports increased at a double-digit rate on average. Turning to Q3, available data indicates that momentum eased somewhat, but remained solid nonetheless. Industrial output expanded at a healthy pace in July–August, albeit softer than in Q2, while growth in merchandise exports moderated but remained strong in the same period. Moreover, a rise in daily Covid-19 cases since the start of August, combined with the extension of associated restrictions on daily life through September, will have weighed on activity at the tail end of the third quarter.
Bosnia and Herzegovina Economic GrowthThis year, the economy is forecast to rebound on the back of sturdier domestic and foreign demand. In 2022, growth should remain robust, supported by the gradual relaxation of lockdown measures at home and abroad. However, ongoing uncertainty over the course of the pandemic due to the spread of new Covid-19 variants and a slow vaccine rollout poses a downside risk. FocusEconomics panelists project GDP to expand 3.9% in 2021 and 3.7% in 2022, which is down 0.3 percentage points from last month’s forecast.
Bosnia and Herzegovina Economy Data
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Bosnia and Herzegovina Facts
|Exchange Rate||1.74||-0.65 %||Dec 31|
|Stock Market||0.5||0.0 %||Jan 07|
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