World Bank revised down its forecast for Bulgaria’s economic - TopicsExpress



          

World Bank revised down its forecast for Bulgaria’s economic growth to 1.2% in 2013 World Bank decreased its expectations of Bulgaria’s economic growth for 2013 down from 1.8% to 1.2%. GDP forecast for 2014 was cut down from 2.4% to 2.1%. World Bank expects Bulgaria’s current account deficit to increase to 1.6%, and remain unchanged next year then rise to 2.5% in 2015. Growth outlook was revised down due to rising commodity prices, high unemployment (above 10%) and crisis in the Eurozone.
Posted on: Sat, 15 Jun 2013 16:30:21 +0000

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