Bosnian central bank governor expects 3.4% GDP growth in 2021 – report

SARAJEVO (Bosnia and Herzegovina), Aug.16 (SeeNews) – Bosnian central bank governor Senad Softic expects the country’s gross domestic product (GDP) to grow by 3.4% real this year, the central bank said.

“The fall cycle of macroeconomic projections, based on quarterly figures from mid-2021 and monthly data available for the third quarter, we plan to announce in November,” the central bank said citing Softic in an interview at the local daily Vecernji. List last week.

“However, the existing data so far does not suggest that the projections for 2021 made in May could change significantly,” he added.

The central bank chief’s projection is lower than the European Bank for Reconstruction and Development’s forecast for a 3.5% increase in GDP announced in June, and higher than the World Bank‘s projection for economic growth of 2.8% in 2021, also made in June.

Bosnia’s GDP grew 1.5% real year-on-year in the first quarter of 2021, after contracting 3.8% annually in the previous quarter, the country’s statistics office said last month, citing unadjusted for seasonal variations. On a quarterly comparison basis, seasonally adjusted GDP grew 4.6% in the January-March period, after increasing 3% in the three months to December.

Bosnia and Herzegovina’s GDP contracted 4.3% year-on-year in 2020.

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