According to the latest World Bank report, a global decline in goods prices for 12 percent in 2025. Years.
According to the report, this is caused by slower economic growth and oil offering.
“Energy prices are expected to fall for 17 percent, and the prices of the households, but these movements could help induce inflation.
When it comes to Bosnia and Herzegovina, economic growth conducted by increased consumption and investments in the previous year reached a rate of 2.6 percent.
According to projections, growth should reach a rate of 2.7 percent this year.
The World Bank for BiH recommends the transition from the growth model based on consumption on growth conducted exports, as well as the creation of new jobs and attracting investment.
“Retraining for ‘Green’ jobs would promote productivity and economic growth. In the time of global uncertainty, Bosnia and Herzegovina should accelerate reforms, attracting investment and the strengthening of economic resistance,” Kristofor Šeldon from the World Bank.
What is interesting is that oil prices in the last month and two drastically fall in BiH.
However, food prices stagnate or increase.
Dragan Gligorić, professor at the Faculty of Economics, University of Banja Luka, said for “independent newspapers” that we are an import dependent country, so we also procure our food from abroad as well.
“It is logical that there should be a trend that exists in the world, to prices for food, the decrease in the price of oil and the decline in the price of the price. The price of the production costs. However, we should not be happy about the circumstances that make prices fall. So whenever prices fall due to the slowdown of economic activities in the world, it is not a positive trend, “Gligorić said.
He added that the economic rule is that the prices are flexible to more, and rigid on the lower.
“When a factor happens that the prices of any good needs to grow, the prices are quickly harmonized. And that the prices should be reflected in the lower periods of time, but also will be rapidly aligned if the price falls”, Gligorić explained.
Economist Igor Gavran says that, although the long-term forecasts of this type are very questionable because 2025. will probably be unstable and a lot can change, for BiH, the most important thing is what is happening on the domestic market, writing Independent newspapers.
“The best example is the connection between fuel prices and everything in the market, where the price of goods and services is rarely, and the consumer and consumers are constantly increasing the unrealistic high prices with little or no reason. That is why there is little hope that The announced decline in world prices can lead to a drop in prices in BiH, “Raven pointed out.
