IMF: Well-Performing Economy in Bulgaria, Growth to Reach 3.8%

IMF: Well-Performing Economy in Bulgaria, Growth to Reach 3.8%

The IMF finds the Bulgarian economy to be performing well with growth estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easier financial conditions, and growing confidence. It says so in a report follows the conclusion on February 14 by the IMF Executive Board of Article IV consultation with Bulgaria.
 
Bulgaria's current account remained in surplus in 2017 despite rapid wage growth, the IMF says. The economy shows signs of a closing output gap. Inflation turned positive in 2017 and inflationary pressure is rising. The unemployment rate has declined to 5.8 percent, the lowest level since the global financial crisis.
 
Fiscal outcomes have been stronger than budgeted in recent years - a surplus of 0.8 percent of GDP is estimated for 2017 - reflecting mainly revenue overperformance and under-execution of capital spending.

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.