The economy of BH will be up this year by 2.2 per cent, and more significant progress is not to be expected without major reform, the IMF’s resident representative in BH Milan Suc has said.

Export is improving, mostly thanks to favourable trends in the prices of raw material (metal); domestic consumption will remain limited due to stagnating salaries, unfavourable employment outlook and standstill in lending and fiscal consolidation", Suc pointed out.

Although the economy of BH has started showing signs of recovery, the situation is still unstable. Return to a stronger and more sustainable growth of economy demands reliable public finance, a solid banking system and a better business environment, he concluded.