The EC has Positive Forecasts for the Bulgarian Economy

Politics » BULGARIA IN EU | November 9, 2017, Thursday // 16:01
Bulgaria: The EC has Positive Forecasts for the Bulgarian Economy Source: Pixabay

The European Commission is revising its forecast for the Bulgarian economy in a sharp upward direction. According to Brussels, this year our economic growth will be 3.9%, after the European Commission projected 2.9% in the spring. The reason - according to the EC, it is domestic consumption. Because of this, there has been an increase in imports, while our net exports are declining and their contribution to our economy will practically be zero.

The EC also reports another positive change - the move towards moderate inflation. For this year, Brussels expects 1% inflation after Bulgaria was in a state of deflation mostly because of the Plamen Oresharski government.

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Tags: EC, forecast, Bulgaria, economy, positive
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