November 4, 2019 / 2:47 PM / 18 days ago

IMF cuts Bosnia's growth forecast to 2.8% in 2019, 2.6% next year

SARAJEVO (Reuters) - The International Monetary Fund has cut its forecast for Bosnia’s economic growth this year to 2.8% from 3.1% previously and to 2.6% from 3.2% in 2020, the IMF Resident Representative in Bosnia said in an interview on Monday.

“The reason for the slowdown is a weakness in European Union as well as the protracted political stalemate here, which is preventing reform implementation,” Andrew Jewell told Reuters.

Bosnia has not formed a national government and a regional government more than a year after an October 2018 election.

Reporting by Daria Sito-Sucic; Editing by Catherine Evans

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