wiiw Forecast Reports
BULGARIA: Economy seeking direction
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 33-35
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BULGARIA
Economic activity in Bulgaria was anaemic in 2013, for the second year in a row, curbed by weak domestic and external demand. The signs of a possible upturn that are observable at present in the main reflect the shift towards a more proactive policy stance undertaken by the current government. In particular, the government envisages a sustained rise in public capital expenditure as well as support to low-income earners. However, these impulses are relatively modest and will take time to feed into the economy. In the absence of a more notable upturn in export demand, economic growth is expected to remain moderate in 2014 and the following years.
Economic activity in Bulgaria was anaemic in 2013, for the second year in a row, curbed by weak domestic and external demand. The signs of a possible upturn that are observable at present in the main reflect the shift towards a more proactive policy stance undertaken by the current government. In particular, the government envisages a sustained rise in public capital expenditure as well as support to low-income earners. However, these impulses are relatively modest and will take time to feed into the economy. In the absence of a more notable upturn in export demand, economic growth is expected to remain moderate in 2014 and the following years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria