wiiw Forecast Reports

BULGARIA: Growth in 2015 exceeds expectations, but can it be sustained?


Rumen Dobrinsky

in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 63-66

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Driven by a combination of positive domestic and external factors, GDP growth in 2015 outperformed expectations. The economy, however, is mired in chronic structural problems that policy-makers have systematically neglected. While GDP is expected to continue growing at a rate of 2% to 3% per annum
over the short term, the absence of policy reforms may lead to an accumulation of macroeconomic imbalances.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Bulgaria