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  • 标题:Macroeconomic Highlights
  • 期刊名称:The Bulgarian Economy in 2008 (annual report)
  • 印刷版ISSN:0861-6345
  • 出版年度:2005
  • 卷号:OCT
  • 页码:5-5
  • 出版社:Agency for Economic Analysis and Forecasting
  • 摘要:Growth in the Bulgarian economy gained further momentum in the second quarter of 2005. Q2 GDP data indicate that the economy carried on performing rather robustly, with growth picking further up in the last two quarters. The country¡¯s GDP stepped up to 6.4%, hitting a seven-year record high. The main reasons for this year¡¯s strong economic performance have to do with the high growth rate of domestic consumption (9.4% up in second quarter on a year earlier). Household consumption also increased by 5.3% (at constant prices), as did investments by 16.8% (vs. 9.2% on a quarter earlier). The government sector reported a relatively high contribution to the ever-growing Q2 domestic demand. The share of public consumption in the stronger Q2 domestic demand ran at 1.3 percentage points, going well above the quarter¡¯s usual of around 0.8 points. The latter, however, may have been due to the increased government spending on the June parliamentary elections. Furthermore, capital expenditures posted a year-on-year rise of 70.2%, but despite its boosted investment activity, the government has turned out a net creditor in the economy. Steadying at their last year¡¯s Q2 level of 18% of GDP, public savings made up by and large for the scarcities of private savings in the economy (-4.4% of GDP) and curtailed the current account deficit.
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