Bosnia Facing Worst Recession in Last 25 years  | Beta Briefing

Bosnia Facing Worst Recession in Last 25 years 

Source: Beta
SEE Business / Bosnia | 26.10.20 | access_time 10:15

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Bosnia and Herzegovina will this year fall into the deepest recession in 25 years, when the real GDP is forecast to lose 3.2% due to a slowdown in most production sectors, lower demand in the neighborhood and political uncertainty, reads the World Bank’s Regular Economic Report (RER). 

The bank underscores that the unfavorable demographic characteristics of Bosnia and Herzegovina, an increase in the number of coronavirus cases and the difficult political environment may also exacerbate the effects of the pandemic and cause an even bigger decline of GDP than the one currently estimated.


 

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