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Bulgaria: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 344
Language:
English
Publication Date:
10 Nov 2016
DOI:
https://doi.org/10.5089/9781475552447.002
ISBN:
9781475552447
ISSN:
1934-7685
Pages:
91
Keywords:
ISCR; CR; government; buffer shortfall; policy; e-government development; Bulgarian authorities; productivity development; energy price decline; government debt position; Fiscal stance; Wages; Public investment and public-private partnerships (PPP); Global; Europe
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The Bulgarian economy has shown resilience since the last Article IV consultation. Growth over the last 4 quarters exceeded expectations. The authorities took concrete steps to correct the fiscal slippage in 2014 and efforts are underway to strengthen confidence in the health of the financial system. Looking ahead, risks to the outlook are broadly balanced. Downside risks stem mostly from weak external demand, possible regional tension, and reversal in domestic policy reforms.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund