Local Think Tank Sees Bulgaria’s Economic Growth at 2.0% in 2011

Local Think Tank Sees Bulgaria’s Economic Growth at 2.0% in 2011

Bulgaria's economic growth will not exceed 2.0% this year, a local think-tank said.

Bulgaria's economic recovery, which began in mid- 2010, remains weak, despite a slight pickup in the third quarter of 2011 compared to the like period in 2010, the Centre for Economic Development said in its latest quarterly report.

Economic growth will probably take until the last quarter of 2012 to reach the pre-crisis levels achieved in the third quarter of 2008, according to the report. In case European economy stabilizes at a quicker pace, Bulgaria's GDP may reach its highest pre-crisis level already in the third quarter of 2012.

Foreign trade continues to do surprisingly well against the backdrop of modest economic growth in the eurozone and shrunken domestic consumption in Bulgaria's main trade partners, the report noted.

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.