wiiw Forecast Reports
BULGARIA: Further moderation of growth
publication_icon
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 72-75
GDP grew by 3.3% in the first half of 2018 which was below the rates of growth in the three preceding years. The moderation in output growth coincided with a slowdown in exports. The labour market tightened further and labour costs continued to rise. CPI accelerated due to rising energy prices and growing cost-push inflationary pressure. We expect GDP growth for 2018 as a whole of around 3.3%, and it should stay at a similar level in the coming years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria