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IMF lowers Bosnia 2017 economic growth fcast to 3.0%

Apr 19, 2017, 11:16:49 AMArticle by Maja Garaca
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SARAJEVO (Bosnia and Herzegovina), April 19 (SeeNews) – The International Monetary Fund (IMF) has lowered its forecast for Bosnia's 2017 economic growth to 3.0% from 3.2% predicted in October, according to the latest edition of the global lender's World Economic Outlook (WEO) report.

IMF lowers Bosnia 2017 economic growth fcast to 3.0%
IMF Author (bnm) License: all rights reserved.

In 2018, Bosnia’s economic growth is expected to pick up to 3.5% before hitting 4.0% in 2022, the IMF said in the April edition of its WEO report on Tuesday.

In 2016, Bosnia's economy expanded by 2.5%, the IMF said.

The IMF upheld the projection from its October WEO report that Bosnia will swing to inflation in 2017 after four consecutive years of deflation. The global lender forecasts end-of-period inflation of 1.9% in 2017 and 2.1% in 2018.

Bosnia's current account deficit is forecast at 6.3% of GDP in each of 2017 and 2018, before narrowing to 4.3% in 2022. In the October edition of its WEO report the IMF projected 6.0% current account deficit in Bosnia in 2017.

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