Bosnia's GDP contracts 0.5% in 2012 - Economic Planning Directorate.

By bne IntelliNews March 18, 2013
Bosnias economy contracted by an estimated 0.5% in 2012 due to lower private consumption, investment and exports, according to a report published by the governments Directorate for Economic Planning (DEP). Bosnias imports shrank a real 4.7% in 2012, due to weak domestic demand. Exports also fell by 5% in real terms over the period driven by both decline in external demand and falling energy exports (down 38%). According to latest IMF estimate, Bosnias GDP dropped a real 0.7% last year and is expected to rise moderately by 0.5% in 2013. The Fund expects, growth this year to be supported by private investment and net exports while public consumption will remain constrained by budget consolidation measures under the countrys USD 521mn stand-by loan deal.
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