Financial Intermediaries Expect Faster Economic Growth in Q3 of 2017

Financial Intermediaries Expect Faster Economic Growth in Q3 of 2017

Sofia, August 11 (BTA) - Financial intermediaries assess positively the current economic situation and believe that economic growth will speed up in the third quarter of 2017, shows the Finance Ministry's latest quarterly review "Financial Sector: Assessments and Expectations", published on Friday.

The financial intermediaries believe that the main indices of the Bulgarian Stock Exchange (BSE) continue being optimistic in the third quarter of this year.

Investment intermediaries' expectations regarding the BSE's activity are also improving, with their optimism increasing mainly regarding the revenue from trading in stocks and bonds.

According to projections, the base interest rate will not change by the third quarter's end.

Commercial banks believe that lending will continue expanding, while slower growth is expected on a quarterly basis in long-term loans and non-financial enterprises' overdraft.

Source: Sofia