SARAJEVO (Bosnia and Herzegovina), October 11 (SeeNews) – Raiffeisen Bank International (RBI) said it has affirmed its projections for Bosnia's GDP growth at 2.5% in 2017 and 3.0% in 2018.
Bosnia's GDP is expected to expand by 3.5% in 2019, RBI said in a statement.
Bosnia is predicted to turn to an inflation of 1.5% this year from a deflation of 1.1% last year. In 2018, inflation is forecast to remain at 1.5% before hitting 2% a year later.
Bosnia's current account deficit is seen to decrease further to 6% of the GDP in 2017, from 4.4% in 2016, and on to 6.2% and 6.6% in 2018 and 2019, respectively.
The general government is expected to record a surplus of 1% of the GDP this year, down from 1.2% last year, before seeing a deficit of 0.5 in 2018. A year later, Bosnia will reverse its losses and return to a 0.5% surplus, the lender noted.
Public debt, on the other hand, is projected to keep increasing from 40.4% of the GDP in 2016 to 41% in 2017, 41.5% in 2018 and 42.5% in 2019.
Bosnia's GDP increased 3.1% last year, according to RBI.