wiiw Current Analyses and Forecasts

Bulgaria: Economic stalemate continues


Rumen Dobrinsky

in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 61-63

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GDP in Bulgaria grew only marginally in 2012, failing to produce a noticeable mark on the weak economic trajectory of the latest years. A short-lived recovery in private consumption during spring and summer could not be sustained and the deteriorating external environment in the closing months of the year brought renewed concerns of a possible new downturn. The policy stance seems frozen in expectation of the general elections in mid-2013. There is little chance of change in this constellation in the short run, at least until the elections, and the economic growth is likely to remain unimpressive.


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

Countries covered: Bulgaria, SEE