IMF Lowers Bulgaria's Economic Growth Forecast

IMF Lowers Bulgaria's Economic Growth Forecast

The International Monetary Fund (IMF) has lowered its forecast for Bulgaria's economic growth in 2014-2015, while expecting zero inflation this year.
In its October's World Economic Outlook report, the IMF forecasts a GDP growth of 1.4% in Bulgaria for 2014 after the "anemic" growth of 0.9% in 2013 as well as accelerating economic growth by 2.0% in 2015, which however is lower than April's forecast for an increase in GDP of 2.5% next year, Bulgaria's National Radio reports.
The Fund maintains its forecast for a 3% increase in Bulgaria's GDP by 2019. The report predicts deterioration of Bulgaria's fiscal balance and a current account deficit of 0.2 percent of GDP this year, expanding the deficit to 2.3% in 2015, and up to a deficit of 3.2% in 2019.
 
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.