wiiw Forecast Reports
BOSNIA AND HERZEGOVINA: Getting rid of the straitjacket
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 91-93
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BOSNIA AND HERZEGOVINA
On paper, Bosnia and Herzegovina has not done as badly as some other Balkan economies during the current crisis. GDP has declined by about 0.4% per year on average since 2009. Last year’s growth was below 1% and the recovery over the medium term should not be much faster than 2%. Employment has been stagnant, but social sustainability has deteriorated. The upcoming general elections could provide a chance to turn things around.
On paper, Bosnia and Herzegovina has not done as badly as some other Balkan economies during the current crisis. GDP has declined by about 0.4% per year on average since 2009. Last year’s growth was below 1% and the recovery over the medium term should not be much faster than 2%. Employment has been stagnant, but social sustainability has deteriorated. The upcoming general elections could provide a chance to turn things around.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bosnia and Herzegovina