/ world today news/ In 2014, Bulgaria’s economic growth met forecasts, but deflation deepened more than expected.
This is the conclusion of the experts from the International Monetary Fund after the 2015 consultations with Bulgaria under Article IV of the Founding Agreement of the IMF.
The document notes that since the last report prepared in November 2013, the collapse of a major bank and the weakening of the fiscal balance have been a test of Bulgaria’s hard-won macroeconomic and financial stability.
Last year, economic growth was in line with forecasts, but deflation deepened more than expected. Thus, the risks to the economic outlook have increased.
The fund notes that political disagreements and unresolved governance issues have raised concerns about whether the country will take the necessary steps to get macro-financial policies back on track and address the structural slowdown.
Weak external consumption and regional tensions weighed on activity despite limited relief from lower prices. Events in Greece also add to the uncertainty.
Washington / USA
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