wiiw Forecast Reports
BULGARIA: Economy loses pace
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in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 71-75
The 3% increase in GDP in 2018 was below the rates of growth in the preceding years. The slowdown mirrors a weakening of exports which became a drag on economic activity. The tight labour market was adding supply constraints to growth. By contrast, private consumption surged, providing an impetus to economic activity in 2018. We expect further moderation of GDP growth in the period 2019-2011. In the absence of external shocks, the macroeconomic situation will remain stable and under control.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria