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Bulgaria: Economy to Stabilize
Published: February 28, 2013; 19:50 · (Vindobona)
Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.
Bulgaria: Economy to Stabilize / Picture: © Flickr
According to the EU Commission, Bulgaria´s economic situation will improve slightly this year. After a decent GDP growth rate of 0.8%, the expected growth rate comes at 1.4% this year.
As the country records a low debt-to GDP quota, the EU Commission argues that Bulgaria can afford a partial departure from its strict austerity course. Due to the tense situation, an increase in…
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