wiiw Forecast Reports

BOSNIA AND HERZEGOVINA: Fiscal consolidation amidst a potential migration crisis

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Bernd Christoph Ströhm

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 71-74

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After previous setbacks following the global financial crisis, the Bosnian economy is expanding steadily, with an expected growth rate of around 2.7% in 2020 and 3% p.a. in the period 2021-2022. The official unemployment rate is expected to decline further, from 30% in 2020 to around 28.5% in 2022; however, this will partly be a result of the great ‘brain drain’ and the withdrawal of workers from the labour market. Even though growth continues to be stable, the newly formed central government may yet be challenged by the emergence of a potential migration crisis in spring/summer 2020.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Bosnia and Herzegovina


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