{
  "title": "Bulgaria: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria",
  "publication": "IMF Staff Country Reports, November 10, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/bulgaria-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44383",
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  "summary": "The Bulgarian economy has shown resilience since the last Article IV consultation. Growth over the last 4 quarters exceeded expectations.",
  "sections": [
    {
      "heading": "Executive summary and recent performance",
      "content": "- The Bulgarian economy has shown resilience since the last Article IV consultation.\n- Growth over the last 4 quarters exceeded expectations.\n- The authorities took concrete steps to correct the fiscal slippage in 2014.\n- Efforts are underway to strengthen confidence in the health of the financial system."
    },
    {
      "heading": "Outlook and risks",
      "content": "- Looking ahead, risks to the outlook are broadly balanced.\n- Downside risks:\n  - Weak external demand.\n  - Possible regional tension.\n  - Reversal in domestic policy reforms."
    },
    {
      "heading": "Key subject areas covered",
      "content": "- Banking\n- Expenditure\n- External debt\n- Fiscal policy\n- Fiscal stance\n- Labor\n- Public debt\n- Public investment and public-private partnerships (PPP)\n- Real effective exchange rates\n- Wages"
    },
    {
      "heading": "Keywords and themes highlighted",
      "content": "- buffer shortfall\n- Bulgarian authorities\n- CR\n- e-government development\n- energy price decline\n- Europe\n- Fiscal stance\n- Global\n- government\n- government debt position\n- ISCR\n- policy\n- productivity development\n- Public investment and public-private partnerships (PPP)\n- Wages"
    },
    {
      "heading": "Publication metadata and identifiers",
      "content": "- Publication date: November 10, 2016\n- Pages: 91\n- Volume: 2016\n- Issue: 344\n- Series: Country Report No. 2016/344\n- DOI: https://doi.org/10.5089/9781475552447.002\n- Stock No: 1BGREA2016001\n- ISBN: 9781475552447\n- ISSN: 1934-7685\n\nSource: Bulgaria: 2016 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Bulgaria (IMF Staff Country Reports 2016, 344).\n\n---\n\n Content in this bundle\n\n- Real Sector Developments, 2008–16\n  - Real Sector Developments, 2008–16 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Real Sector Developments, 2008–16 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: November 10, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475552447.002",
    "The Bulgarian economy has shown resilience since the last Article IV consultation.",
    "Growth over the last 4 quarters exceeded expectations.",
    "The authorities took concrete steps to correct the fiscal slippage in 2014.",
    "Efforts are underway to strengthen confidence in the health of the financial system.",
    "Looking ahead, risks to the outlook are broadly balanced.",
    "Downside risks:",
    "buffer shortfall",
    "Bulgarian authorities",
    "CR",
    "e-government development",
    "energy price decline",
    "Europe",
    "Global",
    "government",
    "government debt position",
    "ISCR",
    "policy",
    "productivity development",
    "Publication date: November 10, 2016",
    "Pages: 91",
    "Volume: 2016",
    "Issue: 344",
    "Series: Country Report No. 2016/344",
    "DOI: https://doi.org/10.5089/9781475552447.002",
    "Stock No: 1BGREA2016001",
    "ISBN: 9781475552447",
    "ISSN: 1934-7685",
    "**Real Sector Developments, 2008–16**"
  ],
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