World Bank on the Estimations of the Economic Growth of BiH

January 23, 2015 8:00 AM

the world bankBiH in 2015, according to the estimates of the World Bank (WB), will have economic growth of 1.5 percent.

“According to the analysis we conducted, the growth rate in BiH was 0.4 percent in 2014, while for 2015 we predict that the rate will be slightly higher, i.e. 1.5 percent. The analysis is based on indicators of high frequency, or the main economic indicators that were available last year,” said today in Sarajevo Sandra Hlivnjak, an economist of the World Bank in BiH.

She stated that 2014 was marked with a period of stagnation. Available economic indicators show improvement in economic activity in the first quarter, while in the second there were floods and registered decline in economic activity.

The third quarter again showed a slight increase, but not enough to significantly change the prospects for 2015, and the results in 2014.

Devastating flooding in some countries brought the economy of South East Europe (SEE6 ) to a standstill in 2014, with growth of only 0.2 percent, according to the World Bank’s latest South East Europe Regular Economic Report (SEE RER) launched today in Belgrade.

It is estimated that in Serbia in 2013, for the third time a decline occurred since the beginning of the global economic crisis and Bosnia and Herzegovina is stagnating.

It is estimated that the rate of economic growth of Kosovo and Montenegro was in decline in 2014, and only Albania and Macedonia show signs of sustainable recovery driven by increased exports.

 

(Source: Fena)

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