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Bulgaria´s Growth Rate to Reach 1.0% in 2012
Bulgaria´s economy performs worse than expected. Next year, economic growth will recover.
Bulgaria´s Growth Rate to Reach 1.0% in 2012 / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]
This year, Bulgaria´s GDP will grow by 1.0%. This is mainly based on the increase of consumption. According to the Center of Economic Development, the Bulgarian economy was expected to retain the economic growth of 2011, when GDP was up by 1.7%. Above all, the Bulgarian export sector shows difficulties. By contrast, domestic consumption still proves robust.
Next year,…
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