World Bank sees Bosnia’s economic growth slowing to 2.7% in 2022

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SARAJEVO, Bosnia and Herzegovina, May 4 (SeeNews) – Economic growth in Bosnia and Herzegovina is expected to slow to 2.7% in 2022, following an estimated 7.1% expansion last year, the Bank announced on Wednesday. world.

The country’s output growth in 2022 is expected to slow as the war in Ukraine disrupts trade and exacerbates energy and food price hikes, the World Bank said in a statement after the release of its latest economic report. regular on the Western Balkans.

“Uncertainty and the impacts of the war in Ukraine amplify the need for authorities in Bosnia and Herzegovina to accelerate structural reforms and fiscal prudence to mitigate growing risks while working to create economic opportunities for its population and achieve a resilient post-COVID recovery,” said Christopher Sheldon, World Bank Country Director for Bosnia and Herzegovina and Montenegro.

Economic growth in the Western Balkan region is forecast at 3.1% in 2022, down from the 4.1% estimate in January. The region’s GDP growth reached 7.4% in 2021, following a contraction of 3.2% in 2020.

In the spring edition of its Europe and Central Asia Economic Update published in April, the World Bank predicted economic growth of 2.9% in 2022 for Bosnia and Herzegovina.

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