Macroeconomic Forecast Bosnia

The Bosnian economy is still in the throes of recovery, buoyed by a resurgent industrial sector. With real wage growth returning to positive territory, we also expect consumer spending to pick up this year. We forecast the economy to expand by xx% in 2011 and xx% in 2012.There are, however, a number of significant downside risks to our projection, including poor local harvests this year, rising inflationary pressures and weak investor confidence in light of the domestic political impasse and eurozone sovereign debt crisis.

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