May 9 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Wednesday it lifted its 2018 economic growth forecast for Bosnia to 3.3%, from 3.0% predicted in November, on the back of stronger investments.
Bosnia's economy grew by 3.0% in 2017, proving its resilience to reform slowdown and political uncertainty, the EBRD said in its new Regional Economic Prospects report.
The bank expects Bosnia's exports to rise in the coming period, due to the more favourable external environment, and is therefore predicting growth of 3.5% in 2019.
The EBRD cautioned that the uncertainty associated with general elections due later in 2018 and possible reform paralysis remain an important downside risk.