IMF Sees Bulgaria's GDP Growth at 0.9% in 2014, 1.6% in 2015

IMF Sees Bulgaria's GDP Growth at 0.9% in 2014, 1.6% in 2015

The International Monetary Fund (IMF) said on Tuesday it expects that Bulgaria's economic growth will speed up from 0.9% this year to 1.6% in 2015.

Although stronger growth in the euro area is expected to lift activity in most emerging and developing Europe, the region as a whole will see slightly weaker growth than it did in 2013, the IMF said in the April edition of its semiannual World Economic Outlook.

Core inflation has been decreasing in Bulgaria, reflecting a sill negative output gap, depressed domestic demand, weak bank credit, and negative external price developments, it added. Bulgaria is expected to turn to deflation of 0.4% next year, after reporting inflation of 0.4% in 2014, it added.

The country is expected to post a current account surplus of 1.5% of gross domestic product (GDP) in 2014, to then turn to a deficit of 2.1% of GDP next year.

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.