Bulgaria's Finmin Cuts 2018 GDP Growth Forecast to 3.6%

Bulgaria's Finmin Cuts 2018 GDP Growth Forecast to 3.6%

Bulgaria's finance ministry said on Friday that it expects the country's gross domestic product (GDP) to expand by a real 3.6% this year, down from its March forecast of GDP growth of 3.9%, due to lower-than-projected exports. The ministry also lowered its projections for Bulgaria's economic expansion to 3.7% next year and 3.5% in both 2020 and 2021, the finance ministry said in its 2018 Autumn Macroeconomic Forecast. In the spring edition of its forecast, published in March, the ministry said it expects a 3.8% rise in GDP in 2019, followed by increases of 3.7% in both 2020 and 2021.

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