IMF Staff Country Reports

IMF Staff Country Reports
Journal
Publisher:
International Monetary Fund
ISSN:
1934-7685
IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
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Bulgaria : Selected Issues and Statistical Appendix

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Bulgaria : Selected Issues and Statistical Appendix
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Volume/Issue:
2006/299
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
August 2006
DOI:
http://dx.doi.org/10.5089/9781451804553.002
ISBN:
9781451804553
ISSN:
1934-7685
Page:
148
This paper discusses Bulgaria's prospects for converging to the living standards of the more advanced members of the European Union (EU). The unfavorable economic environment of the early 1990s and the economic crisis in 1996-97 hurt Bulgaria's output, employment, and investment. Following the crisis, structural reforms and a sound macroeconomic framework set the stage for a sustained recovery. The structure of the Bulgaria economy has shifted markedly over the last decade, and investment has become the main engine of growth.
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