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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.

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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