Unemployment And Anaemic Wage Growth See Consumer Recovery Lag

Consumer spending will remain under the cosh in Bosnia and Herzegovina over H210 (calendar). While we believe the Bosnian economic recovery is firming after real GDP contracted by 3% in 2009, this view is based in part on the improvement of eurozone economic activity. On the consumer side the situation remains delicate with Bosnians showing no real sings yet of coming back into shape.

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