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Bosnia's Serb Republic GDP growth slows to 2% y/y in Q1

Bosnia's Serb Republic GDP growth slows to 2% y/y in Q1 GDP, Creative Commons.

BANJA LUKA (Bosnia and Herzegovina), July 19 (SeeNews) - The economic growth of Bosnia's Serb Republic slowed to a real 2.0% year-on-year in the first quarter of 2019, from 4.0% in the preceding quarter, the entity's statistical office said on Friday.

Seasonally-adjusted gross domestic product (GDP) increased by 0.2% in January-March, compared to the previous quarter, the Serb Republic's statistical office said in a statement.

In the first quarter of 2018, the entity's GDP grew by 3.7% 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 activities sectors, the Institute for Statistics said. 

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