wiiw Forecast Reports

BOSNIA AND HERZEGOVINA: Limited policy options restrict pandemic response

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Bernd Christoph Ströhm

in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 45-47

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The COVID-19 pandemic has led to a substantial slump in exports, tourism earnings, private consumption and industrial production, causing BiH’s GDP to contract by an estimated 5.1% in 2020. To mitigate the economic downturn, the central government has received a combined EUR 741 million in financial aid and loans from the EU and the IMF. However, the complex BiH federative structure limits the country in introducing fiscal response measures.

 

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

Countries covered: Bosnia and Herzegovina


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