Bulgaria Economic Outlook
January 14, 2020
Growth ebbed marginally in the third quarter but remained robust, according to updated GDP data. Total consumption cooled on slower household consumption growth, in turn likely linked to softer wage gains. Meanwhile, fixed investment accelerated while exports rebounded. Turning to the fourth quarter, a continuation of the slowdown looks likely, with easing retail sales growth in October–November hinting at softer private consumption. More positively, in the same period industrial production gained momentum following a string of weak readings, while unemployment continued to creep lower in November. Meanwhile, S&P raised its credit rating for Bulgaria to BBB from BBB- at the end of November, citing resilient growth, the strong fiscal position and progress towards adoption of the euro, while also maintaining its positive outlook.Bulgaria Economic Growth
Growth is seen slowing this year, as consumer spending growth slackens and a less expansionary fiscal stance curtails government spending. That said, the economy should sustain a robust rate of expansion, underpinned by increased investment activity, although unfavorable demographics could pressure public finances going forward. FocusEconomics panelists project growth of 3.0% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.8% in 2021.Bulgaria Economy Data
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Bulgaria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.40 | 0.0 % | Dec 31 |
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Bulgaria Economic News
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Bulgaria: Inflation at seven-year high at year-end
January 15, 2020
Consumer prices increased 0.7% from the previous month in December, following November’s 0.5% rise.
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Bulgaria: Industrial production slumps in November
January 10, 2020
Industrial production decreased 0.4% year-on-year in November, after increasing 1.8% in October.
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Bulgaria: Inflation accelerates in November
December 16, 2019
Consumer prices increased 0.5% from the previous month in November, following October’s 0.8% rise.
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Bulgaria: Recovery in industrial production continues in October
December 9, 2019
Industrial production increased 1.7% year-on-year in October, after increasing 0.1% in September (previously reported: -0.1% year-on-year).
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Bulgaria: Economy decelerates slightly in Q3 but maintains strong growth momentum
December 5, 2019
The economy grew 3.7% in annual terms in the third quarter of the year, matching the preliminary estimate but slowing from the previous quarter’s 3.8% expansion, according to comprehensive data released by the National Statistical Institute.
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