EBRD Raises Bulgaria's 2018 GDP Growth Forecast

EBRD Raises Bulgaria's 2018 GDP Growth Forecast

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it has increased its projection for Bulgaria's economic growth to 3.6% in 2018 from 3.2% forecast in November.
"Growth is expected to remain around 3.6% in 2018, declining slightly to 3.4% in 2019. Growth will continue to be driven by domestic demand, as tight labour market conditions spur consumption and investment strengthens as work on infrastructure projects financed under the EU’s 2014-2020 budget continues," EBRD said in its new Regional Economic Prospects report.
In 2017, the Bulgarian economy is estimated to have expanded by 3.6%, the bank said.
"Private consumption was the main driver of growth, as average wages increased on account of the tightness of the labour market and a 10% increase in the minimum wage," the report reads.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.