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Bulgaria: Djankov Predicts Long-Term Stagnation

Published: October 6, 2012; 18:01 · (Vindobona)

Bulgaria´s Minister of Finance Simeon Djankov expects low growth rates in the next ten years.

Bulgaria: Djankov Predicts Long-Term Stagnation / Picture: © Vindobona.org

According to Djankov, Bulgaria should adjust its fiscal and social policy to the weak growth rates. Djankov expects a whole decade of stagnation. “For the first time in history, economists have forecasted a whole decade of low growth rates. Thus, we must adapt our fiscal and social policy to that.” Furthermore, social programs and labor market strategies should be reconsidered.…

This article includes a total of 129 words.

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