Economy Growth Forecast 2017 for Bulgaria
In 2017 the Bulgarian economy will remain growing.
In
May 2017 European Commission and IMF published their regular Spring Economy
Forecast. Both reports outlines continues economy growth of Bulgaria. Although
the cited institution to analyse the prospect of the Bulgarian economy in
different circumstances, both projections are for the growth and economic stability.
According
to the European commission the Real GDP is expected to grow by 2, 9 % in 2017
driven by the domestic demand. Inflation is forecast to turn positive;
Unemployment is expected to continue decreasing. Risks before the Bulgarian
economy in the next few years are considered – balanced.
The
main driver of the economy growth are the investments. In 2017 Bulgaria will
remain an investment attractive destination, due to the low financing costs,
additional funding availability and high profitability.
According
to the Prime Minister Boyko Borisov, the investments shall drive the Bulgarian
economy forward in the next years. His projections are for 4,5 % - 6% GDP
growth in 2017.
Sources:
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