Bosnian economy to post zero growth in 2012 IMF.

By bne IntelliNews April 18, 2012
Bosnia is expected to post a zero GDP growth this year, becoming the country with the second worst economic performance in the region of Central and Eastern Europe (CEE), the latest edition of the IMFs World Economic Forum showed. According to the report, Bosnia will perform better only in comparison with Croatia, which is expected to be the sole CEE state to post a negative 0.5% growth. The IMF also sees the Hungarian economy staying flat in 2012, while all other 12 countries in the region will experience a growth of between 0.2% (Montenegro) and 3.8% (Kosovo). Bosnia together with Croatia is seen posting the lowest economic growth of 1% among the countries in the region in 2013. The IMF sees the regions overall economy expanding 1.9% this year and 2.9% in 2013. Bosnia, which was left without a central government for more than 15 months following the October 2010 election, is preparing to start talks with the IMF on a new bail-out deal next month. The country spent the whole of last year on temporary financing and has not yet adopted its 2012 budget although a new government was finally voted in office in February. Bosnia was unable to meet the conditions on its earlier funding deal with the Fund and it was left idled in the autumn of 2010.

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