Bulgaria

Odette Andreea Marinache

Conjunctura economiei mondiale / World Economic Studies, 2015

Abstract: According to European Commission data, in 2014 Bulgaria’s GDP growth rate slightly increased, mostly due to the recovery of domestic demand, but also as a result of a revival in public and private consumption, and an increase of productive investments. For the 2015-2016 period, European Commission experts forecast a slowdown in the Bulgarian GDP growth rate, mostly determined by a decrease of the rate of productive investments, but also by a relative reduction of public and private consumption. In 2014, Bulgaria faced deflation, a phenomenon caused by a combination of both internal and external factors. The inflation rate is predicted to remain negative in 2015 and become positive in 2016.

Keywords: Bulgaria; GDP; unemployment rate; inflation; general government gross debt (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2015:id:2822000009593019

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