LOWER GROWTH, HIGHER INFLATION, EC REPORT PROJECTS

Business | November 22, 2001, Thursday // 00:00

Bulgaria’s economic growth will be 3.6% according to the European Commission (EC) economic forecast, made public on November 21. The figure, projected by the forecast is lower than the 4% growth target envisaged by the Bulgarian budget bill. The Commission’s report projects average inflation for the next year at 5%, which is higher than the figure set up by the Government. The budget deficit will be 1.1% of GDP according to the report, which is also higher than the 0,8% figure set up in the budget bill.
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