Economic Downturn Expected in Bulgaria in 2017

Business » FINANCE | November 22, 2016, Tuesday // 14:15| Views: | Comments: 0
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Bulgaria: Economic Downturn Expected in Bulgaria in 2017 Photo: BGNES

Political instability in Bulgaria is likely to mar optimistic forecasts for economic growth next year, said economists from the Institute for Market Economics.

 According to the latest expectations of the European Commission and the International Monetary Fund, the growth of Bulgaria’s economy will be around 2.5% - 3% in 2017.

 However, the statements were made before the resignation of the government ensuing in political instability.

 ''The latest events in Bulgaria will have a negative impact on GDP growth and it will probably  be around 2%'', said Desislava Nikolova, chief economist at the Institute for Market Economics, quoted by BTA.

 

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Tags: GDP growth, GDP, Institute for Market Economics, European Commission, International Monetary Fund
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