June 8 (SeeNews) - The World Bank said it expects Bosnia and Herzegovina's economic output to increase by 2.7% in 2022, 0.3 percentage points below the forecast the bank made in January.
Next year, Bosnia's gross domestic product (GDP) is projected to grow by 3.1%, the World Bank said in its June 2022 Global Economic Prospects report published on Tuesday.
Bosnia's economy is estimated to have expanded by 7.1% in 2021, according to the report.
The Western Balkans' economies are seen growing by 3.1% in 2022, reflecting higher commodity prices and weaker euro area growth due to the war in Ukraine, the World Bank noted.