World Bank Forecasts 1.8% Growth for Bulgaria in 2014

Finance | December 19, 2013, Thursday // 13:43|  views

The World Bank predicts a 1.7% economic growth for Bulgaria in 2014.

In a report on the economic growth of the 11 EU member states who entered since 2004, the World Bank forecasts a slightly lower than average growth for Bulgaria.

The average growth for these countries in 2014 will be 2.3%. The highest growth is expected in the Baltic countries, between 3% - 4.2%.

The World Bank's prediction is almost identical to that of the Bulgarian government, which envisions a 1.8% GDP growth.

The European Commission predicts a 1.5% growth for Bulgaria, while the European Bank for Reconstruction and Development (EBRD) is more optimistic, with 2%.

As a whole, 2014 is expected to be an year in which most EU countries will climb out of the recession.

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Tags: World Bank, European Bank for Reconstruction and Development, EU, European Commission, Baltic countries


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