IMF Increases Expectations on Bulgarian Economy

IMF Increases Expectations on Bulgarian Economy

This week the International Monetary Fund (IMF) had published a report on global economic perspectives. The document’s authors foresee for Bulgaria a GDP growth of 2.9% in 2017, and a slowing 2.7% in 2018. There is a 0.1% increase on the 2016 IMF report. The Capital Day comments that the improvements is most likely due to better presentation of Bulgarian economy in 2016, compared to the Fund’s forecast.
In early April the financial ministry also reviewed its expectations with a positive trend up by raising its autumn prognosis by 1%, envisaging 3% growth of GDP. At the same time Capital outlines that the UniCredit Bulbank’s January forecast of 3.6% up remained the most optimistic one.
IMF foresees that that increasing of prices of goods and services in Bulgaria will continue over 2017 and 2018 as well, revising its inflation expectations up to 1% respectively (on 0.6%) and 1.8% on an annual base.

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.