BANJA LUKA (Bosnia and Herzegovina), April 18 (SeeNews) - The International Monetary Fund (IMF) has said Bosnia and Herzegovina's economy will expand by 3.2% in 2018, up from a growth rate of 2.6% it predicted in October last year.

Bosnia's economic growth will accelerate to 3.5% in 2019 and 4.0% in 2023, the IMF said in April 2018 edition of its World Economic Outlook report published on Tuesday.

Bosnia's GDP grew by an estimated 2.7% last year, according to the report.

Bosnia's consumer prices are expected to rise by an annual average of 1.5% in 2018 and 1.6% in 2019, compared with inflation of 1.3% last year. Consumer price inflation is predicted to speed up to 2.0% in 2023.

The country's current account deficit is seen at 5.9% of GDP in 2018, and it is expected to further deepen to 6.5% of GDP next year, before slightly decreasing to 4.8% in 2023. Bosnia finished 2017 with a current account deficit of 5.2% of GDP.