Macroeconomic Forecast Bosnia-Herzegovina

Having surged up to 4.0% y-o-y in September, consumer price inflation in Bosnia subsequently dipped to 3.7% y-o-y in October. With the global commodity prices cooling and economic activity deteriorating in light of the eurozone sovereign debt crisis and Bosnia's domestic political impasse, we expect demand side inflationary pressures to dampen somewhat. We have previously revised down the trajectory for inflation, with a 2.9% average target pencilled in for 2012 and 2.2% for 2013.

To read the full article, please choose one of the following options: