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World Bank cuts Bosnia's 2024 economic growth f'cast to 2.6%

Jun 12, 2024, 10:04:13 AMArticle by Dragana Petrushevska
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June 12 (SeeNews) - The World Bank said it expects Bosnia and Herzegovina's gross domestic product (GDP) to increase by 2.6% in 2024, some 0.2 percentage points below the estimate which the bank made in January.

World Bank cuts Bosnia's 2024 economic growth f'cast to 2.6%
Sarajevo. Source: The tourism association of Canton Sarajevo

Bosnia's economic growth is projected to accelerate to 3.3% in 2025, the World Bank said in its June 2024 Global Economic Prospects report published on Tuesday.

Bosnia's economy is estimated to have expanded by 1.7% in 2023.

The Western Balkans' economies are seen expanding by 3.2% in 2024, following an estimated 2.5% regional economic growth in 2023.

"The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards," the global lender said.

Global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26, which is well below the 3.1% average in the decade before the COVID-19 pandemic, the report reads.

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