wiiw Current Analyses and Forecasts

Bulgaria: Economy stalls as politics overshadows policy debates


in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, , pp. 65-67

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In the first months of the current year, public debate in Bulgaria was dominated entirely by expectations of early elections in May, while economic policy per se was largely sidelined. The economy was left with no clear sense of direction and lacked both internal and external driving forces. Although the new government, which took office at the end of May, has pledged to lay greater emphasis on counter-cyclical policy measures, the impact of those measures is unlikely to be felt in the course of 2013.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Bulgaria