EC expects higher growth in Bulgaria over next two years

2019-02-07   |  http://bnr.bg

The EC predicts that Bulgaria's economic growth in 2019 will reach 3.6%, compared to 3.2% in 2018.

The same growth in Bulgarian GDP is also expected in 2020. Growth slowed down in 2018 due to reduced external demand by large trading partners in the EU and Turkey, which resulted in reduction of exports, the EC analysis read.

Positive trends are said to be the growth of incomes that fuel private consumption and the restored European funding that stimulates investment growth.

This pattern suggests that external shocks will have a relatively low impact, with exports expected to recover moderately.

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