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Bulgaria

Author

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  • Odette Andreea Marinache

Abstract

The European Commission’s spring report published in May 2016, revealed a doubling in the pace of Bulgaria’s economic growth in 2015, mainly due to the exponential increase in the volume of exports of goods and services, while domestic demand has diminished compared to last year. For the period between 2016-2017, the European Commission experts forecast a slowdown in the Bulgarian economic recovery, driven mainly by the sharp decline in the pace of productive investments and exports. Bulgaria was confronted with the phenomenon of deflation in 2015 due to a combination of internal and external factors, the inflation rate will remain negative in 2016 and become positive only in 2017.

Suggested Citation

  • Odette Andreea Marinache, 2016. "Bulgaria," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 138-140.
    • Handle: RePEc:iem:conjun:y:2016:p:138-140
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