THE IMPACT OF THE COVID-19 PANDEMIC IN BOSNIA AND HERZEGOVINA
Prior to the pandemic in 2020, the labour market in Bosnia and Herzegovina had shown signs of improvement with the unemployment rate, based on Labour Force Survey (LFS) data, reaching a historic low. As in the rest of the globe, COVID-19 outbreaks and the containment measures introduced by authorities in Bosnia and Herzegovina have had an adverse impact on the labour market with a corresponding reduction in the number of employed.
Running business operations under the conditions imposed by the COVID-19 pandemic involved a high level of uncertainty, which was not solely dependent on the situation locally but also on the regional and global situation.
