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BUSINESSEUROPE's 2010 forecast for Bulgaria is a 0,3% increase of the Gross Domestic Product (GDP) and 1,5 consumer price inflation. Photo by BUSINESSEUROPE
Economic conditions improved during the second half of 2009 and BUSINESSEUROPE now forecasts EU real GDP growth to reach 1,2% in 2010, following a fall of 4% in 2009.
The forecast was made Tuesday by BUSINESSEUROPE in their February 2010 Economic Outlook.
The forecast for Bulgaria is a 0,3% increase of the Gross Domestic Product (GDP) and 1,5 consumer price inflation.
Despite the projected GDP growth in the EU, unemployment and public indebtedness will continue to rise, reaching this year at EU level an average of 10,2% of the labor force and 80% of GDP respectively.
The study provides a business insight into recent and projected economic developments in Europe, based on a survey of BUSINESSEUROPE's member federations, as well as policy messages for a strong and competitive EU economy.
Bulgaria's only BUSINESSEUROPE member is the Bulgarian Industrial Association.
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