Bulgaria : 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bulgaria

1BGREA2007002 Image
Price:  $18.00

Release Date: © December, 2007
ISBN : 978-1-45180-457-7
Stock #: 1BGREA2007002
English
Stock Status: On back-order

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Description

This 2007 Article IV Consultation highlights that Bulgaria’s large external imbalance has continued to widen. Driven by massive capital inflows, particularly foreign direct investment inflows, the current account deficit could reach a record level of 20 percent of GDP in 2007. Although the present level of the current account deficit is clearly above sustainable levels, external competitiveness has remained adequate. Bank credit has again started to expand rapidly after the administrative credit limits imposed during 2005–06 lapsed.

Taxonomy

Economic policy , Fiscal policy , Poverty Reduction and Development , Social indicators




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