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IMF confirms Bosnia's 2018 GDP growth forecast

Author Radomir Ralev
IMF confirms Bosnia's 2018 GDP growth forecast Flag of Bosnia and Herzegovina; License: CC0 Creative Commons

SARAJEVO (Bosnia and Herzegovina), October 9 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday Bosnia and Herzegovina's economy will grow by 3.2% in 2018, confirming its earlier forecasts.

In 2019, Bosnia and Herzegovina's gross domestic product (GDP) is expected to grow by 3.5%, IMF said in the October edition of its World Economic Outlook (WEO) report.

The GDP of the country grew by 3.0% last year, according to the report.

Bosnia and Herzegovina's consumer prices are expected to rise by an annual average of 1.4% in 2018 and 1.6% in 2019, compared with inflation of 1.2% last year. Consumer price inflation is predicted to speed up to 2.0% in 2023.

The country's current account deficit is seen at 6.0% of GDP in 2018, and it is expected to further deepen to 6.6% of GDP next year, before decreasing to 5.0% in 2023. Bosnia and Herzegovina finished 2017 with a current account deficit of 4.8% of GDP.