Bulgaria Economic Outlook
February 6, 2018The economy appears to have lost some steam in the final quarter of the year. Growth in industrial production moderated in year-on-year terms in the first two months of Q4, and the unemployment rate edged up throughout the quarter, after declining in the first three quarters. Survey-based business and consumer confidence dipped in December as consumers’ assessments of current and future economic conditions deteriorated. 2018 started on a brighter note, however: In January, consumer confidence bounced back to November’s level, and business confidence jumped to the highest level since October 2008. On the political scene, Prime Minister Boyko Borisov survived a no-confidence vote on 25 January over the lack of progress in combatting widespread corruption. The opposition has criticized Borisov for not tackling corruption, which is weighing on foreign investment and stalling talks for greater integration and cooperation with the European Union.
Bulgaria Economic GrowthThe Bulgarian economy is set to decelerate in the next two years but will remain buoyant nonetheless. Tighter fiscal spending and higher inflation will weigh on private consumption and overall growth. FocusEconomics Consensus Forecast panelists expect GDP to expand 3.6% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel sees growth moderating slightly, to 3.2%.
Bulgaria Economy Data
5 years of Bulgaria economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.30||0.0 %||Feb 22|
|Exchange Rate||1.59||-0.72 %||Feb 22|
|Stock Market||688||-0.35 %||Feb 22|
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Bulgaria Economic News
February 15, 2018
Consumer prices rose 0.3% in January from the previous month, coming in below the 0.4% month-on-month increase observed in December.
February 14, 2018
In the fourth quarter, the economy expanded 3.6% over the same period of the previous year, according to preliminary data released on 14 February.
February 12, 2018
In December, industrial production expanded 2.0% over the same month of the previous year in working-day adjusted terms, matching the revised 2.0% expansion in November (previously reported: +1.7% year-on-year).
December 14, 2017
Consumer prices increased 0.4% in November from the previous month, down from October’s 0.6% month-on-month increase.
December 8, 2017
According to revised data released on 5 December by the National Statistical Institute of Bulgaria, the economy expanded 3.9% annually in the third quarter, matching the preliminary estimate.