IMF Staff Country Reports

Bulgaria: Recent Economic Developments and Statistical Appendix

Publication Date:

April 21, 1999

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper reviews economic developments in Bulgaria during 1990–97. Bulgaria’s macroeconomic performance during 1990–97 was weaker than in most transition countries in the region. With economic activity declining significantly during most years, the cumulative fall in real output over this period amounted to 37 percent. Although Bulgaria’s difficult initial conditions and adverse external shocks played a role, the weak performance mainly reflected the stop-and-go nature of stabilization policies and the slow pace of structural reform.

Series:

Country Report No. 1999/026

Subject:

Banking Commercial banks Economic sectors Exports Financial institutions Foreign exchange International trade Privatization Public debt