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Bulgaria Still Below Pre-Crisis Level
The World Bank predicts that Bulgaria will not reach the pre-crisis level before 2008 in terms of GDP. Regarding Bulgaria´s fiscal situation, the country performs well, though.
Bulgaria Still Below Pre-Crisis Level / Picture: © Vindobona.org
According to the Bulgarian news agency “Standart”, Bulgaria´s economy has suffered sustainably from the economic crisis in 2008/09. In 2009, Bulgaria´s GDP fell by 5.5%. In total, the economic shock has caused an economic setback of six years. The subsequent years were characterized by low growth rates: 0.4% in 2010, 1.8% in 2011 and 0.8% in 2012. This year, Bulgaria´s GDP growth…
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