World Bank Improves Forecast for Bulgaria's Economic Growth
Business | January 11, 2017, Wednesday // 19:03
- Tweet
Send to Kindle
BGNES
Bulgaria’s economy registered growth of 3.5% for 2016, showed the latest data of the World Bank.
This is 1.3% more than the forecast made last year. The forecast for 2017 and 2018 has also been improved. 2018, however, will register weaker growth than 2017.
With respect to the global economy, there will be acceleration, mostly because Russia and Brazil are expected to overcome the current depression as a result of the increase in the price of oil.
China’s growth will continue to slow down and the biggest unknown remains the policy of Donald Trump.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria: Bankruptcies in the Agriculture Sector are Increasing, Cherry Picking is Collapsing
- » 73% of Europeans Plan to Travel in the next 6 months
- » Bulgaria: Rising Prices of Fruits and Vegetables
- » Bulgarians are Shortening their Holidays at the Seaside because of Expensive Fuels
- » Moscow: Sofia's Refusal of the New Payment System leads to more Expensive Gas
- » Sofia: A Protest against High Fuel Prices is planned for Today
