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Bulgaria: Heading for a downturn?

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  • Anton Mihailov
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    Abstract

    In Bulgaria, GDP increased by 1.6% in 2011 but economic activity was weakening in the final months. While the export performance for the year as a whole was robust, sluggish domestic demand was a drag on economic growth. The process of macroeconomic rebalancing in 2011 was accompanied by a net outflow of financial resources. Short-term prospects have deteriorated and the economy is likely to stagnate in 2012.

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    Bibliographic Info

    Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Current Analyses and Forecasts with number 9-BG.

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    Date of creation: Mar 2012
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    Publication status: Published as wiiw Current Analyses and Forecasts
    Handle: RePEc:wii:fpaper:fc:9:bg

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