wiiw Forecast Reports
BOSNIA AND HERZEGOVINA: Vaccine delays and limited fiscal capacity slow down the recovery
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in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 52-55
The COVID-19 pandemic caused the worst recession in Bosnia and Herzegovina since the Bosnian war, with an estimated GDP decline in 2020 of 5%. With the third wave of the pandemic, vaccine delays and the introduction of new restrictions, economic recovery will be delayed. Additional obstacles to growth include an inefficient fiscal structure and political disputes, which are preventing structural reform of the country and delaying its progress towards EU and NATO integration.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bosnia and Herzegovina