wiiw Forecast Reports

BULGARIA: Slowdown likely to continue


Rumen Dobrinsky

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 75-78

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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