IMF sees 3% GDP growth for Bulgaria in 2011.

By bne IntelliNews May 13, 2011
Bulgaria's GDP will grow by 3% in 2011 and by 3.5% in 2012, the International Monetary Fund (IMF) said in the latest edition of its Regional Economic Outlook for Europe. Domestic demand is seen increasing by real 3% in 2011 and by 3.5% in 2012. Growth in private consumption is also projected to be positive 3.6% in the current year and 4% in 2012. Exports are expected to expand by real 9.8% in 2011 after which growth will slow down to 7.5% in 2012. The 2011 average CPI inflation is projected at 4.8% and is expected to decelerate to 3.7% in 2012. The current account deficit is seen at 1.5% of GDP this year, and at 2% in 2012. Total external debt will reach 94.7% of the country's GDP in 2011 and 88.2% in 2012.

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