Page 25 - bne IntelliNews Southeastern Europe Outlook 2025
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     The IMF also expects Bosnia’s 2025 economic growth at 3%, up from 2.5% in 2024.
The World Bank has a more optimistic forecast for Bosnia’s 2025 economic growth, projecting it at 3.2%. In 2026, the economy is expected to expand by 3.9%.
The most pessimistic forecast is that of the European Commission, which expects that Bosnia’s economy will expand by just 2.4% in 2025 before accelerating to 3% in 2026. Economic growth will be backed mainly by private consumption and strengthening external demand, the EC said.
 2.2.2 Industrial production
In 2024, Bosnia’s industry continued the downward trend from 2023, affected by the global economic crisis, caused by the wars in Ukraine and in the Middle East. For most of 2024, industrial production declined and that trend is likely to continue throughout 2025.
Total industrial output in January-October 2024 decreased by 5% y/y, according to the latest available statistics office data.
In the manufacturing industry, industrial output decreased by 5.2% y/y in January-October. Mining contracted by 8.1% y/y in the first ten months of 2024, while in utilities the industrial output moved down by 2.3% y/y.
Production of energy reduced by 4.4%, while that of intermediate goods moved down by 6.9% y/y through October. Production of durable consumer goods posted an 8.5% annual decline in the ten months of 2024. The production of capital goods decreased by 5.2% y/y, while production of intermediate goods fell by 6.9% y/y. Production of non-durable consumer goods dropped the least, by 1% y/y.
At the same time, Bosnia’s industrial producer prices on the domestic market rose by 2.7% y/y in October, after rising by 3.3% y/y in
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