wiiw Forecast Reports

BULGARIA: Uneven growth signalling a slowdown

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Rumen Dobrinsky

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 52-55

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After a strong first quarter, GDP growth slowed down reflecting a worsening domestic and external environment. Cost-push inflationary pressures were partly offset by the weaker domestic demand and inflation stopped rising. Domestic and external demand are expected to weaken further and this will be coupled with continued labour shortages The rate of GDP growth for 2019 as a whole will still be decent, at some 3.5%, but it is expected to slow down in the following years.

 

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

Countries covered: Bulgaria


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