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Bulgaria: Selected Issues

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  • International Monetary Fund

Abstract

Bulgaria’s potential output growth in future could be markedly lower, and it may take considerable time for the excess labor and resources to be absorbed by other sectors, in particular by the export sector. This suggests that the natural level of rate of unemployment will rise and remain higher, and the full employment level is likely to decline. There is a requirement of significant improvements in labor productivity and competitiveness, as well as reforms to further improve labor mobility and participation.

Suggested Citation

  • International Monetary Fund, 2010. "Bulgaria: Selected Issues," IMF Staff Country Reports 2010/159, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2010/159
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    as
    1. Jaume Puig & Mr. Ken Miyajima & Rebecca McCaughrin & Mr. Peter Dattels, 2010. "Can You Map Global Financial Stability?," IMF Working Papers 2010/145, International Monetary Fund.
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    Cited by:

    1. Ivan Todorov, 2017. "Bulgaria’s Cyclical Position and Market (Dis)equilibria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 30-64.

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