Bulgaria to Report 1.4% GDP Growth in 2013 - EC

Bulgaria in EU | November 7, 2012, Wednesday // 16:14|  views

The European Commission expects Bulgaria to report an economic growth of 0.8% in 2012. Photo by BGNES

The European Commission expects Bulgaria to report an economic growth of 0.8% in 2012.

Bulgaria's GDP is set to grow by 1.4% in 2013 and by 2% in 2014, according to the Autumn forecast 2012-14 of the EC.

According to EC estimations, the unemployment rate in Bulgaria will remain unchanged in 2013 from the level of 12.7% in 2012.

In 2014, unemployment in Bulgaria is to drop to 12.5%.

Bulgaria is to report an inflation rate of 2.5% in 2012, which will increase to 2.6% and 2.7% in 2013 and 2014, respectively.

Bulgaria's government debt is to amount to 19.5% of GDP in 2012.

According to the EC forecast, the government debt will shrink to 18.1% of GDP in 2013 and settle at 18.3% of GDP in 2014.

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Tags: European Commision, GDP growth, economic growth, unemployement rate, inflation rate, government debt

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