期刊名称：The Bulgarian Economy in 2008 (annual report)
印刷版ISSN：0861-6345
出版年度：2005
卷号：APR
页码：5-5
出版社：Agency for Economic Analysis and Forecasting
摘要：Fourth-quarter GDP stepped up by 6.2% on year earlier to BGN 10.5 billion (at current
prices) at preliminary estimate. The robust domestic demand, as triggered by bank
credit expansion in the country, resulted in an ever-worsening trade deficit (some 14%
of GDP). However, the latter was fully made up for by revenues on the financial account,
without putting at risk the stability of the economy. FX reserves went on the
increase and the reserve money/FX reserves coverage ratio hit 198.4%. Despite the
impact of some administrative and external factors, the relatively high 2004 inflation
was mainly due to the more expensive end-of-period non-processed food prices and
hence was not a sign of any major local market imbalances. The boosted business
activity in the private sector led to a 1.4 percentage point decrease in the end-of-year
unemployment rate on a year earlier. At the same time, as a result of the restrictive
stance of 2004 government policies the share of government consumption declined to
18.7% of GDP and the budget ran a surplus amounting to 1.7% of GDP.
Loading...
