Eximprod leases space in Skanska Bucharest building
Bulgaria's TBS Group shrinks 9-mo cons net profit 18% y/y
Hapag-Lloyd opens offices in Bulgaria
Bosnia's Serb Republic Jan-Nov tax revenue up 15% y/y
Romania's industrial PPI down 2.2% y/y in Oct
Nov 09, 2017 13:54 EEST
November 9 (SeeNews) - The European Commission said on Thursday it has raised its forecast for Bulgaria’s economic growth in 2017 to 3.9%, from 2.9% projected in May.
“Domestic demand is the main driver of growth with both private and public consumption projected to expand strongly in 2017,” the Commission said in its Autumn 2017 Economic Forecast.
The growth of Bulgaria's gross domestic product (GDP) is expected to gradually slow down to 3.8% in 2018 and 3.6% in 2019.
Bulgaria’s current account surplus is expected to recede to 3% of GDP in 2017, and then steadily decrease to 2.4% in 2018 and 2.3% in 2019.
The country’s unemployment rate is expected to decline from 6.4% this year to 6.0% and 5.7% in 2018 and 2019, respectively.
Details of the Commission's projections for Bulgaria follow:
source: European Commission
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options