Bulgaria Economic Outlook
January 14, 2020Growth 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 GrowthGrowth 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
5 years of Bulgaria economic forecasts for more than 30 economic indicators.
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Bulgaria Economic News
January 15, 2020
Consumer prices increased 0.7% from the previous month in December, following November’s 0.5% rise.
January 10, 2020
Industrial production decreased 0.4% year-on-year in November, after increasing 1.8% in October.
December 16, 2019
Consumer prices increased 0.5% from the previous month in November, following October’s 0.8% rise.
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).
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.