World Bank forecasts 3.4 percent economic growth for Bosnia and Herzegovina in 2019

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The World Bank has confirmed its forecast of 3.4 percent economic growth in Bosnia and Herzegovina in 2019. 

According to the World Bank’s January 2019 Global Economic Prospects report, the country’s real Gross Domestic Product growth at market prices is expected to be 3.9 percent in 2020 and four percent in 2021.

The World Bank, however, claims that global economic growth is expected to slow to 2.9 percent in 2019.

The report, sub-titled ‘Darkening Skies’, reads - among other things - that “global financing conditions have tightened, industrial production has moderated, trade tensions have intensified, and some large emerging market and developing economies have experienced significant financial market stress”.

Amid recent episodes of financial stress, growth in emerging market and developing economies has lost momentum and is projected to stall at 4.2 percent this year, with a weaker-than-expected rebound in commodity exporters accompanied by deceleration in commodity importers. Downside risks have become more acute. Financial market pressures and trade tensions could escalate, denting global activity”, the report concludes.