EC raises f'cast for Bosnia's 2024 GDP growth to 2.3%

In 2025, the country's gross domestic product (GDP) is projected to increase by 2.8%, the Commission said in its Spring 2024 Economic Forecast report.

"In 2024 and 2025, solid private consumption, supported by lower inflation, as well as strengthening external demand should support a moderate growth acceleration," the EC said.

Inflation is expected to slow down to 2.2% in 2024 and to 2% in 2025, mainly due to slowing price increases for imported commodities, such as energy, the report read. Bosnia closed last year with average annual inflation of 6.1%.

However, recent high gross wage growth might create some upward pressure for headline inflation, the EC added.