Bulgaria: Selected Issues Paper

International Monetary Fund

No 2014/024, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global economic crisis had a major effect on Bulgarian growth and employment. After falling by 5½ percent in 2009, real GDP has grown at a low rate, and by 2012 real GDP was still 3 percent short of its 2008 level. However, employment growth was negative during 2009–2012, and the first small uptick occurred only in 2013.

Keywords: ISCR; CR; Bulgaria; GDP; crisis; health system's performance; population risk; EU country; NSI Bulgaria; crisis response; crisis experience; Social assistance spending; Employment; Health care spending; Pension spending; Income; Global; Eastern Europe; Europe (search for similar items in EconPapers)
Pages: 24
Date: 2014-01-30
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Citations: View citations in EconPapers (2)

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