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Bosnia's Federation GDP growth slows to 2.6% y/y in Q1

Bosnia's Federation GDP growth slows to 2.6% y/y in Q1 GDP, Creative Commons.

SARAJEVO (Bosnia and Herzegovina), July 31 (SeeNews) - The economic growth of Bosnia's Federation slowed to a real 2.6% year-on-year in the first quarter of 2019, from 3.4% in the preceding quarter, the entity's statistical office said on Wednesday.

Seasonally-adjusted gross domestic product (GDP) increased by an annual 0.7% in January-March, the Federation's statistical office said in a statement.

In the first quarter of 2018, the entity's GDP grew by 3.6% year-on-year in real terms.

The largest real growth of the gross value added in the first quarter of 2019 was recorded in the wholesale and retail trade; repair of motor vehicles, motorcycles; transport and storage; accommodation and food services sectors, the statistical office said. 

The Federation is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.