CBBH nowcasts for 2Q 2023 6/22/2023 Tweet The Central Bank of Bosnia and Herzegovina estimates that inflationary pressures are weakening, but that economic activity continues to slow down the growth in the first half of 2023 PDF - CBBH nowcasts for 2Q 2023 Key notes: The CBBH expects inflationary pressures to weaken by the end of the third quarter of 2023. Our current projection of headline inflation for the first half of the year is 9.7% and for the first nine months is 8.1%. We estimate that the core inflation reached its peak at the beginning of the second quarter, but that the most significant inflationary pressures in the projection period will come from the domestic economy. Our current projection of core inflation for the first half of the year is 6%, and for the first nine months it is 5.6%. We still expect a slowdown in real GDP growth in the first half of 2023, but not a recession. The preliminary projection of real GDP growth for the first half of the year is 1.1%. The currently prevailing, moderate risks for nowcasts are such that there is a probability of a revision of the inflation projection upwards in the coming periods, and of real GDP growth downwards.
