IMF Lowers Bosnia Economic Growth Forecast

The International Monetary Fund has lowered its forecast for Bosnia’s 2017 economic growth to 3.0% from 3.2% predicted in October, according to the latest edition of the World Economic Outlook report. In 2018, Bosnia’s economic growth is expected to pick up to 3.5% before hitting 4.0% in 2022, the IMF said in the April edition of its WEO report. In 2016, Bosnia’s economy expanded by 2.5%, the IMF said.

The IMF upheld the projection from its October WEO report that Bosnia will swing to inflation in 2017 after four consecutive years of deflation. The global lender forecasts end-of-period inflation of 1.9% in 2017 and 2.1% in 2018.

Bosnia’s current account deficit is forecast at 6.3% of GDP in each of 2017 and 2018, before narrowing to 4.3% in 2022. In the October edition of its WEO report the IMF projected 6.0% current account deficit in Bosnia in 2017.

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