BULGARIA'S ECONOMIC GROWTH DELAYED FOR 2013

The experts find as a possible outcome for the restoration of Bulgaria's economy the increasing demand on the domestic market
The Center for Economic Development (CED) downgraded its forecast to 1% for the economic growth of Bulgaria's economy. In February 2012, the chairman of CED Georgi Prohaski expressed his expectation for a 2%-growth of the country's GDP, Standart newspaper informed.
Prior to that in its report for the third trimester of 2011, the CED reckoned that the economic growth in 2012 would reach 2.5%. For the first trimester of 2012 the CED even expect a slight decrease in the GDP, the CED regular report for the trimester reads. Due to the slow restoration of Bulgaria's main foreign partners and the hard adaptation of the economy to the crisis, it is more likely that the pre-crisis volume of the GDP be reached not in 2012 but in 2013, the CED economists point out.
The CED experts find as a possible outcome for the restoration of Bulgaria's economy the increasing demand on the domestic market. Bulgaria's economy should be orientated towards consumer's demand of goods and services in this country but not to only follow the foreign processes, the CED report reads further.