European Parliament Library

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

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
Table Of Contents
Cover; Executive Summary; Contents; Glossary; I. Overview; Boxes; 1. Bulgaria's Reactions to IMF Advice; II. Background; Figures; 1. Key Macroeconomic Forces at Work, 2002-07; 2. Bulgaria and Selected New Member States: Similarities and Differences in their Absorption Booms, 2004-06; 3. Asset Price and Country Risk Developments, 2001-07; 2. Inputs for External Stability Risk Assessment; 4. Bulgaria: Selected EU Countries: Financial Soundness Indicators; 5. Global Credit Crunch Fears, Developments in High-Frequency Indicators; 6. Labor Market Developments, 2002-07; 7. Inflation, 2004-07
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (69 p.)
Specific Material Designation
Form Of Item

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