World Bank Forecasts 1.7% Growth for BG Economy

World Bank Forecasts 1.7% Growth for BG Economy

The World Bank forecast 1.7% growth for Bulgaria's economy in 2014, in its EU 11 regular report released on Friday.
According to the World Bank forecast, Bulgaria's growth was expected to reach 1.7% in 2014 and 2.4% in 2015.
The report, which encompasses the 11 EU members, who joined the Union in 2004 and later, forecasts the overall growth of those countries to strengthen from 1.4% in 2013 to 2.6 percent in 2014. The initial reliance on net export growth, with rising demand from the rest of the EU, is gradually giving way to more balanced growth as domestic demand picks up.
According to the report, Bulgaria will still lag behind the average for the EU 11 group, with only Slovenia and Croatia having worse outlook.
The three main threats to Bulgaria's economic growth, identified by the World Bank report, are the ageing population, youth unemployment and lack of skilled workers. According to the report, the country is among the leaders in share of young adults who neither work, nor study, nor acquire any qualifications.

Previous Next
Test Caption
Test Description goes like this
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.