October 13 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday it expects Bosnia's GDP to fall 6.5% this year as a result of the coronavirus pandemic, revising its projection for a 5% drop made in April.
Bosnia's economy is expected to pick up by 5% next year, the IMF said in its latest World Economic Outlook report, after forecasting 3.5% growth in 2021 in April
Bosnia's economy is seen growing 3.5% in 2025, the Fund said.
The IMF expects Bosnia to swing to 0.8% annual consumer price deflation in 2020, from 0.7% inflation a year earlier. For 2021, the IMF forecasts inflation of 0.4% in Bosnia.
The country's current account deficit is expected to rise to 4.4% of GDP this year, from 3.6% in 2019, the IMF said. The current account gap will widen to 6.1% of GDP next year, before it narrows to 3.8% of GDP in 2025, the Fund predicted.
Bosnia is included in the IMF's Emerging and Developing Europe region, in which real GDP is expected to fall 4.6% in 2020 and grow 3.9% next year.