This report covers the key macroeconomic, financial and political releases for Bulgaria for the period since April 17, 2016.
Bulgaria’s real GDP growth decelerated to 2.9% y/y in the first quarter of 2016 from 3% y/y in the previous three months, a seasonally-adjusted statistics office flash estimate showed on May 13.
The European Bank for Reconstruction and Development (EBRD) revised upwards Bulgaria’s 2016 GDP growth forecast to 2.5% from 2% projected in November. In the spring edition of its European economic forecast, the European Commission (EC) raised its forecasts for Bulgaria’s GDP growth in both 2016 and 2017, to 2% and 2.4%, respectively, from 1.5% and 2% projected in February.
Bulgaria's consumer sentiment improved during the three months to April, with the confidence indicator rising 1.8 points to -26.9, its best level since April 2007.
Bulgaria's business confidence deteriorated m/m in April. The industrial production growth accelerated to 3% y/y in March from 2.7% y/y in February. The construction output went down 9.3% y/y in March, after decreasing by revised 5.2% y/y the month before. Retail sales (at constant prices) climbed 6.2% y/y in March, speeding up from a 3.3% y/y rise in February.
• The CPI decreased by 2.2% y/y in April after dropping by 1.5% y/y in March
• Bulgaria reported a consolidated budget surplus of BGN2.35bn (€1.2bn) in January-April, equal to some 2.6% of projected GDP, preliminary data from the finance ministry showed
• The country reported a current account surplus of €168.3mn in January and February, reversing a deficit of €318.1mn in the first two months of 2015
To Purchase This Report - Click
Iran’s real GDP growth came in at 4.3% in 2017, according to the World Economic Outlook issued by the International Monetary Fund (IMF) on April 17. Nonetheless, this figure is a shortfall from the ... more
Ukraine’s economy pick up a little in first quarter of this year, growing by 3.1% y/y, but while the situation is improved, partly thanks to strong metal exports, the economic growth is not ... more
The Belarusian economy was recovering nicely in the first quarter of this year, thanks to the revival in neighbouring Russia and more benign external conditions in general.
Impressively Belarus' ... more