November 1 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Thursday that it expects the Bulgarian economy to grow by 3.6% this year and by 3.4% in 2019, affirming its May projections.
The key risks to the outlook include prolonged weakness in major trade partners, a possible exacerbation of current labour shortages and worsening of investor sentiments towards emerging markets, the EBRD said in the latest edition of its Regional Economic Prospects report.
Bulgaria's gross domestic product (GDP) grew by 3.8% in 2017 and 3.4% in the first half of 2018, backed by household consumption.
Overall, the Southeast Europe (SEE) region is expected to grow by 3.5% in 2018 and 3.2% in 2019, the EBRD noted.