World Bank Improves Forecast for Bulgaria's Economic Growth

Business | January 11, 2017, Wednesday // 19:03
Bulgaria: World Bank Improves Forecast for Bulgaria's Economic Growth 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 can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: economic growth, World Bank, Russia, Brazil, China, Trump
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria