POTENCIJALNE MOGUĆNOSTI PREVAZILAŽENJA EKONOMSKO FINANSIJSKE KRIZE U BIH IZAZVANE POJAVOM PANDEMIJE COVID-19/POTENTIAL OPPORTUNITIES FOR OVERCOMING THE ECONOMIC AND FINANCIAL CRISIS IN BIH CAUSED BY THE COVID-19 PANDEMIC

Abstract

The Covid-19 pandemic has opened some new, already forgotten stories of the Bosnian economy that is already hurt for some 25 years. Bosnia and Herzegovina as a transitional country has experienced again these wounds caused by an underdeveloped economy again during the pandemic, since the pandemic crisis has revived these weaknesses and created new vulnerabilities. By looking at these problems on a daily basis, it is observable that our economy, although not quite strong, has capabilities to overcome these imposed challenges. Most of the available data are optimistic regarding the final recovery from the ongoing crisis caused by the pandemic. Having in mind that the whole picture is quite specific, there is a specific standpoint about the possibilities that can be achieved in the future. As a society that is heavily manipulated in a political sense, we have some waves of populism created by some leaders that favored our economic situation before the pandemic. The paper provides certain idea-based solutions that could be optimal for economic recovery from the ongoing crisis, if they attract considerable attention and political support by domestic political authorities.