Bulgaria [electronic resource] : Staff Report for the 2013 Article IV Consultation.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 14/23Publication details: Washington, D.C. : International Monetary Fund, 2014Description: 1 online resource (58 p.)ISBN: 1484395360 :ISSN: 1934-7685Subject(s): Currency Board | Current Account | Debt Sustainability | External Debt | Public Debt | BulgariaAdditional physical formats: Print Version:: Bulgaria : Staff Report for the 2013 Article IV ConsultationOnline resources: IMF e-Library | IMF Book Store Abstract: This 2013 Article IV Consultation highlights that in the aftermath of the global financial crisis, growth in Bulgaria has remained low and unemployment is high. Real GDP growth is projected at about 0.5 percent in 2013 as domestic uncertainties undermined demand but exports are performing well. Domestic demand is projected to recover gradually, and exports and foreign direct investment (FDI) will benefit from recovery in Europe, allowing real GDP growth to rise to about 1.6 percent in 2014. The current account of the balance of payments is expected to be in surplus in 2013 but return to a modest deficit in the medium term, financed by FDI.
This 2013 Article IV Consultation highlights that in the aftermath of the global financial crisis, growth in Bulgaria has remained low and unemployment is high. Real GDP growth is projected at about 0.5 percent in 2013 as domestic uncertainties undermined demand but exports are performing well. Domestic demand is projected to recover gradually, and exports and foreign direct investment (FDI) will benefit from recovery in Europe, allowing real GDP growth to rise to about 1.6 percent in 2014. The current account of the balance of payments is expected to be in surplus in 2013 but return to a modest deficit in the medium term, financed by FDI.
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