Bulgaria Still Below Pre-Crisis Level

Businessn.a. ♦ Published: December 20, 2013; 21:38 ♦ (Vindobona)

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…