Bosnia Economic Outlook
November 28, 2017The economy seemed to regain its foothold in Q3 following a bleak Q2 performance, when activity was dampened in part due to unfavorable weather conditions. Industrial production surged in year-on-year terms in the July-to-September period on the back of healthy manufacturing output, particularly in the production of electronic goods. However, the IMF warned in late November that Bosnia had weeks to carry out key economic reforms, including raising taxes on fuel and drafting a law on deposit insurance, to unfreeze pending disbursements. The IMF halted a EUR 550 million program last February due to slow progress on reforms.
Bosnia and Herzegovina Economic GrowthA vibrant EU economy will buttress GDP growth in Bosnia next year, led by stronger remittance inflows and a healthier external sector. The run-up to the October election is also likely to see the government turning more supportive of growth. A higher budget deficit could, however, further delay IMF and EU funding. Our panel sees growth of 3.1% in 2018, unchanged from last month’s estimate. In 2019, panelists expect growth of 3.2%.
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||1.66||-0.65 %||Dec 06|
|Stock Market||0.1||0.0 %||Dec 06|
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