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.
 
BNR

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