Bosnia’s May Floods Caused $2.7 Billion In Damages
Experts say last month’s historic floods in Bosnia caused about 2 billion euros in damages and will cause a sharp drop in the country’s gross domestic product. Ricardo Zapata Marti, head of a team of local and international experts, said Wednesday their initial report shows that because of the floods, Bosnia’s GDP growth will drop from previous 2.2 percent down to 1.1 percent. They will announce a final report in two weeks. Bosnia has no way to recover without international help and hopes that a July donor’s conference will offer a way out.
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