Bulgarian economy grows 3.9 pct y/y in Q3-stats

The Bulgarian economy grew by 3.9 percent on an annual basis in the third quarter from a revised 3.7 percent in the previous three months, a flash estimate of the statistics office showed on Tuesday. On a quarterly basis, the economic growth was 0.9 percent from July to August in seasonally adjusted terms, driven by exports and domestic consumption against one percent increase in the second quarter.

The economy grew 3.9 percent in 2016. The finance ministry expects strong domestic demand to steer an annual growth of 4.0 percent this year and sees growth at 3.9 percent a year through 2020.

BULGARIA GDP Q3/17 Q2/17 Q1/16 Q4/16 Y/Y PCT CHANGE +3.9 +3.7 +3.7 +4.0 Q/Q PCT CHANGE +0.9 +1.0 +0.9 +1.1 (
Source: Reuters Reporting by Tsvetelia Tsolova, editing by Angel Krasimirov)

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