wiiw Forecast Reports
BULGARIA: Growth continues but may be close to the limits
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in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 81-85
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In 2017, Bulgaria’s GDP grew by close to 4%, similarly to the previous year. The pattern of growth switched from being export led in 2016 to being driven by domestic demand in 2017. Manufacturing, tourism and business services remained the main growth drivers. The rise in labour demand led to a labour shortage, which is turning into a constraint on growth. The Bulgarian economy is poised to preserve its momentum in the short run; however, it is unlikely that GDP growth will accelerate in the near future.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria