Bosnia Economic Outlook
May 7, 2019Following the economy’s solid performance in the fourth quarter of 2018, economic momentum likely decelerated in the first quarter of this year. Industrial production continued to decline in March after contracting in both January and February, on a sharp decline in electricity supply and faltering manufacturing output. Likewise, merchandise exports fell in Q1, dragged down by falling shipments of manufactured goods and mineral products. This likely reflects weaker external demand due to the slowdown seen in the Eurozone, its largest trading partner. Nevertheless, retail sales growth picked up in February, suggesting household spending should have remained the key driver of growth in the quarter.
Bosnia and Herzegovina Economic GrowthThe economy should grow at a relatively steady pace this year, carried by stronger private consumption. Headwinds from slower EU growth could weigh on the external sector and investment, however, while the delayed government formation and fragmented positions on key reforms could also hinder growth. Our panel expects growth of 3.0% in 2019, which is unchanged from last month’s forecast, and 3.0% again 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 %||May 13|
|Stock Market||0.1||0.0 %||May 13|
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