SOFIA (Bulgaria), October 11 (SeeNews) – Raiffeisenbank Bulgaria said on Wednesday it has increased its projection for Bulgaria’s 2017 economic growth to 4.0%, from 3.7% projected in July.
Bulgaria’s economic growth in 2017 is expected to be supported not only by household consumption but also by gross fixed capital formation, Raiffeisenbank Bulgaria said in a statement.
During the second quarter of 2017, Bulgaria’s gross domestic product (GDP) increased by a real 4.2%, the bank said.
Last week, Raiffeisen Bank International (RBI) said it expects Bulgaria’s GDP growth to slow down from an estimated 4.0% in 2017 to 3.7% next year and 3.6% in 2019.
Bulgaria's consumer price inflation is expected to pick up from 1.8% in 2017 to 2.6% in 2018 and 3.1% in 2019, RBI said.
Raiffeisenbank (Bulgaria) EAD is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here