wiiw Forecast Reports

BULGARIA: Further moderation of growth


Rumen Dobrinsky

in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 72-75

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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