Bulgaria: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria
IMF Staff Country Reports, November 10, 2016
Source details
- Canonical URL
- Bulgaria: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria
Other formats
Bibliographic details
- Published: November 10, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475552447.002
Executive summary and recent performance
- 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.
- Efforts are underway to strengthen confidence in the health of the financial system.
Outlook and risks
- Looking ahead, risks to the outlook are broadly balanced.
- Downside risks:
- Weak external demand.
- Possible regional tension.
- Reversal in domestic policy reforms.
Key subject areas covered
- Banking
- Expenditure
- External debt
- Fiscal policy
- Fiscal stance
- Labor
- Public debt
- Public investment and public-private partnerships (PPP)
- Real effective exchange rates
- Wages
Keywords and themes highlighted
- buffer shortfall
- Bulgarian authorities
- CR
- e-government development
- energy price decline
- Europe
- Fiscal stance
- Global
- government
- government debt position
- ISCR
- policy
- productivity development
- Public investment and public-private partnerships (PPP)
- Wages
Publication metadata and identifiers
- Publication date: November 10, 2016
- Pages: 91
- Volume: 2016
- Issue: 344
- Series: Country Report No. 2016/344
- DOI: https://doi.org/10.5089/9781475552447.002
- Stock No: 1BGREA2016001
- ISBN: 9781475552447
- ISSN: 1934-7685
Source: Bulgaria: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Bulgaria (IMF Staff Country Reports 2016, 344).
Content in this bundle
- Real Sector Developments, 2008–16