EC IMPROVES PROGNOSIS FOR BULGARIA’S ECONOMIC GROWTH
It is expects Bulgaria’s economy to register a 1% growth in 2015 and of 1.3% next year, reads the Spring prognosis presented earlier today in Brussels. In February the EC was anticipating Bulgaria’s economic growth to be of 0.8% this year and 1% - in 2016. The institution prognosticates that in 2015 unemployment in Bulgaria will drop down to 10.4%, and further down to 9.8% in 2016. Unlike the entire European Union and the Euro zone, where next year the government debt is expected to shrink, in Bulgaria it is to go up to 29.8% of this year’s GDP, and to keep growing up to 31.2% in 2016.
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