wiiw Current Analyses and Forecasts
Bulgaria: Economy at the freezing point
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Anton Mihailov
in: Fasting or Feasting? Europe - Old and New - at the Crossroads
wiiw Current Analyses and Forecasts No. 10, July 2012 , pp. 55-58
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Bulgaria’s economy kept losing steam in the first quarter of 2012 against the backdrop of weakening exports and weak domestic demand. The fiscal stance remains under the reigns of an austerity strive in the absence of policy creativity. There is little chance of reversing this situation in the short run so current expectations are that the economy is likely to stagnate in 2012.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria, SEE