wiiw Forecast Reports
BOSNIA AND HERZEGOVINA: The way to EU accession talks open at last
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. 54-57
GDP growth in 2023 is estimated to have been 1.7% and to have been largely driven by a rise in consumer spending, spurred by falling inflation and higher real wages. Inflation averaged 6.1% last year; it is expected to continue to fall – to 2.8% in 2024 and 2.5% in 2025. GDP growth is likely to rise to 2.5% in 2024 and 2.9% in 2025, bolstered by increased individual and government spending, alongside a modest improvement in exports. The European Commission’s decision in March 2024 to open EU accession negotiations for Bosnia and Herzegovina provides added momentum and impetus for economic growth.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bosnia and Herzegovina