IMF Projects Moderate Growth for Bulgaria in 2015
Wednesday, 11 November 2015
Exports and absorption of European Union (EU) funds will support moderate economic growth in Bulgaria this year, broadly in line with last year’s level of 1.7%, the IMF has said.
“Risks to this outlook are tilted toward the upside and strengthening domestic demand is likely to lift growth modestly in 2016, Michele Shannon, IMF Mission Chief for Bulgaria, said in a statement following a regular IMF staff mission that visited Bulgaria 4 - 9 November 2015.
The mission concluded that unemployment is projected to remain high, although it had fallen with increasing economic activity, and deflation is set to bottom out with stabilization of commodity prices.