15.12.2011

The current issue examines recent economic developments in Bulgarian economy as of November, while bringing focus on the upward correction of preliminary Q3 2011 GDP data. Economic growth has been revised up to 1.6% yoy, thus being higher than the EU average. General government deficit continued improving supported by stringent expenditure policies and gradual improvement on the revenue side. Meanwhile, despite the still high uncertainty in the global economic environment the entire benchmark yield curve regarding Bulgarian government bonds has been shifting to lower yield levels in all maturity segments. The absence of high volatility of the sovereign credit spread is largely due to the active and market-oriented policy on government debt management, as well as to the stability of the entire financial sector.

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