- By country
- By industry
- By topic
- Top 100
SOFIA (Bulgaria), October 6 (SeeNews) - Bulgaria's finance ministry said it has increased its economic growth forecasts for this year and the next to reflect a rise in domestic demand backed by decreasing unemployment.
Bulgaria's economic growth is expected to reach 4.0% in 2017 and 3.9% in 2018 on the back of rising domestic consumption, the finance ministry said in its Autumn Macroeconomic Forecast published on its website on Thursday.
In April, the ministry projected an economic growth of 2.6% in 2017 and 2.8% in 2018.
Final consumption in Bulgaria for this year is expected to increase by 4.3% this year and by 4.7% in 2018, backed by a rise in households' real disposable incomes and positive developments on the labour market.
In 2016, Bulgarian economy expanded by 3.9%.
|2017 fcast||2018 fcast||2019 fcast||2020 fcast|
|GDP (real growth in pct)||4.0||3.9||3.9||3.9|
|Gross fixed capital formation||3.4||4.3||4.9||5.9|
Source: Ministry of Finance