SARAJEVO (Bosnia and Herzegovina), January 12 (SeeNews) - The World Bank said it expects Bosnia and Herzegovina's economic output to increase by 3% in 2022, 0.5 percentage points below the estimate the bank made in June.
Bosnia's economy is estimated to have expanded by 4% in 2021, the World Bank said in its January 2022 Global Economic Prospects report published on Tuesday. In June the bank said it expects 2.8% gross domestic product (GDP) growth in Bosnia and Herzegovina in 2021.
The World Bank expects Bosnia's GDP to grow by 3.2% in 2023.
The Western Balkans' economies are seen expanding by 4.1% in 2022, following an estimated 5.9% regional economic growth in 2021, the World Bank said.
"The recovery is expected to lose momentum as the external boost fades and confidence is dented by rising policy uncertainty, particularly in Bosnia and Herzegovina," the report said.