Bulgaria’s Economic Growth To Slow down to 1.0%/GDP in 2012 – Think Tank

Bulgaria’s Economic Growth To Slow down to 1.0%/GDP in 2012 – Think Tank

Bulgaria's economic growth this year will slow down to 1.0% of the projected gross domestic product (GDP), according to a local non-governmental think tank.

The projections, which are more optimistic than those of the Bulgarian central bank and the IMF, are based on the conviction that opportunities for internal economic response and business mobilization are still available so the government could achieve higher results at the end of the year, the Center for Economic Development (CED) said in a report published on its website on Thursday.

The Bulgarian central bank and the IMF have said they expect the country to post annual economic growth of 0.7% and 0.8%, respectively, in 2012.

The CED expects that the country's economy would shrink in the first quarter, although it did not specify by how much. According to the analysts, however, economic recovery is likely to begin in the second half of this year, as Bulgaria is expected to reach the pre-crisis levels of production and full recovery by the end of 2013.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.