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« BackThe European Commission raises its expectations for Bulgaria's economy
February 26, 2014
The European Commission (EC) raises its forecast for the development of Bulgaria's economy in 2014 and 2015. In its winter economic forecast, published on Tuesday, the EC expects Bulgaria's GDP to grow by 1.7% and by 2% in 2015. The autumn forecast provided for 1.5% in 2014 and 1.8% in 2015.
The recovery of private investments will be gradual because of the moderate increase in economic activity. The Commission forecasts 12.7% unemployment rate in 2014 and 12.1% in 2015. Inflation is expected to remain low.
Source: novinite.com
Photo: Christophe Vander Eecken
