Bosnia Economic Outlook
January 8, 2019Economic growth slowed in the third quarter on sluggish household consumption growth and weaker exports. Nevertheless, total investment and government spending picked up in the quarter. Looking to Q4, the economy likely hummed along at a solid pace thanks to declining unemployment and a buoyant tourist sector. On the political front, anti-government protests broke out in late December due to concerns over corruption and the erosion of the rule of law. In other news, in early December NATO agreed to restart a membership action plan with the country, which now must decide whether to take up the offer. While two of the three tripartite leaders support an alliance with NATO, Bosnian Serbs and leader Dodik are opposed.
Bosnia and Herzegovina Economic GrowthThe outlook for 2019 remains promising. Job creation, higher remittances and a growing tourism sector should boost private consumption, while FDI inflows will likely drive investment. A fragmented government, however, could stall important reforms. Met the why particular panelists expect GDP to expand 3.1% in 2019, which is unchanged from last month’s forecast. Our panel sees GDP expanding 3.1% again in 2020.
Bosnia and Herzegovina Economy Data
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Bosnia and Herzegovina Facts
|Exchange Rate||1.72||-0.65 %||Jan 21|
|Stock Market||0.2||0.0 %||Jan 21|
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