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Regular version of the site

Book

Hungary, Romania, Bulgaria: Divergent Paths

Sberbank CIB, 2016.
Stroutchenevski A., Gavrilenkov E., Konygin S.
Under the general editorship: Gavrilenkov E.

The economies of Hungary and Romania continued to diverge in 1Q16, as we had expected. Hungarian GDP slowed to 0.9% y-o-y, while Romanian GDP advanced 4.3% y-o-y. Bulgarian GDP rose by 3.0% y-o-y, in line with previous quarters. All three countries were negatively affected by the decline in EU funding, due to the previous funding program having ended in 2015. The lower funding led to a decline in public investments. Household consumption, however, continued to recover and in fact became the major growth driver for all three

Hungary, Romania, Bulgaria: Divergent Paths