Analysis by Region - Emerging Markets - Bosnia and Herzegovina
We have lowered our GDP growth forecasts for Bosnia and Herzegovina by 0.1ppt to 1.1% y/y in 2023 and by 1.3ppts to 3.2% y/y in 2024, reflecting an upside surprise to 2022 GDP and weakness in the eurozone. Both exports to and remittances from the region are expected to fall over the next two years, which will negatively impact consumer demand.
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