wiiw Forecast Reports
BULGARIA: Slowdown likely to continue
publication_icon
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 75-78
After an upturn in the first half of 2019, economic activity subsided in the second semester. The slowdown was triggered by a weakening of external demand, while private consumption remained relatively strong. The labour market tightened further and continued to exert pressure on wages. The short-term prospects have deteriorated, and GDP growth is expected to decelerate to below 3% in 2020 – and may slow further in the coming years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria