wiiw Current Analyses and Forecasts
Bulgaria: Heading for a downturn?
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Anton Mihailov
in: New Divide(s) in Europe?
wiiw Current Analyses and Forecasts No. 9, March 2012 , pp. 51-54
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In Bulgaria, GDP increased by 1.6% in 2011 but economic activity was weakening in the final months. While the export performance for the year as a whole was robust, sluggish domestic demand was a drag on economic growth. The process of macroeconomic rebalancing in 2011 was accompanied by a net outflow of financial resources. Short-term prospects have deteriorated and the economy is likely to stagnate in 2012.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria, SEE