Bulgaria Recent Economic Developments

This paper reviews economic developments in Bulgaria during 1990–95. In 1993, GDP continued to contract, albeit more slowly than previously. Real GDP declined by 2.4 percent owing to a drought-induced collapse in agricultural output. As consumption-driven imports rose and exports fell, the lower rea...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Bulgaria  |b Recent Economic Developments 
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300 |a 108 pages 
651 4 |a Bulgaria 
653 |a Depository Institutions 
653 |a Credit 
653 |a Banks 
653 |a Banks and banking 
653 |a Monetary economics 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Currency 
653 |a Mortgages 
653 |a Money supply 
653 |a Foreign Exchange 
653 |a Monetary base 
653 |a Banks and Banking 
653 |a Banking 
653 |a Bank deposits 
653 |a Exchange rates 
653 |a Money and Monetary Policy 
653 |a Foreign exchange 
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520 |a This paper reviews economic developments in Bulgaria during 1990–95. In 1993, GDP continued to contract, albeit more slowly than previously. Real GDP declined by 2.4 percent owing to a drought-induced collapse in agricultural output. As consumption-driven imports rose and exports fell, the lower real GDP in 1993 was accompanied by a large current account deficit. The adoption of restrictive fiscal and incomes policies in 1994 enabled Bulgaria to retain the gains in external competitiveness acquired from the nominal depreciation