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2019/06/18 / Erste Group Research

Bosnia and Herzegovina Macro Outlook: Politics in focus once again

Notwithstanding expected moderation of growth in 2019, mid-term growth outlook is supported by forecasted stable private demand and acceleration of investment cycle after government formation is completed. Inflation levels are still benign, with slight increase forecasted in 2H19, due to gas price hike in May. C/A deficit is projected to slightly deteriorate, reflecting high import dependence of economy amid consumption related cycle. Fiscal position is stable and public debt levels remain relatively low.

The political outlook remains challenging. Even though eight months have passed since parliamentary elections, the government setup on the national level still has not been completed, due to the political deadlock over the NATO membership action plan.

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General information

AuthorErste Group Research
Product nameCEE Country Macro Outlook
Topic in focusFX, Macro/ Fixed income
Economy in focus-
Currency in focus-
Sector in focus-


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