wiiw Current Analyses and Forecasts
Bulgaria: A painful rebalancing
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Anton Mihailov
in: Recovery - in Low Gear across Tough Terrain
wiiw Current Analyses and Forecasts No. 7, March 2011 , pp. 43-46
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In Bulgaria, GDP growth for 2010 was close to zero reflecting an ongoing painful rebalancing of the
economy: for the most part, further curtailment of domestic demand and reduction of the current
account deficit. The marked recovery of exports has been accompanied by a further contraction of
both private consumption and, most pronouncedly, investment. The outlook for 2011 and the years
thereafter envisages a modest recovery, with GDP growth likely to be curbed by both supply and
demand constraints.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria, SEE