Bulgarias economy to post modest growth of 0.6% in 2012 - World Bank.

By bne IntelliNews June 28, 2012
Bulgarias GDP will expand by 0.6% this year after growing by 1.7% in 2011, the World Bank said in the latest issue of its EU11 Regular Economic Report published on June 27, 2012. In 2013, economic growth is expected to accelerate to 2.5%. Besides Bulgaria, the EU11 countries are the Czech Republic, Croatia, Hungary, Estonia, Latvia, Lithuania, Poland, Romania, Slovenia and Slovakia. The average GDP growth for the EU11 countries this year is forecast at 1.5% with Poland topping the list with a 2.9% expansion. Bulgarian economy will perform under the EU 11 average in 2012, while in 2013, its economic growth will equal the EU 11 average. The World Banks forecasts assume that the euro zone avoids a major crisis.

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