Банкеръ Weekly

Briefs

THE ECONOMIST PREDCTS POSITIVE TRENDS IN BULGARIAN ECONOMY

Positive trends are expected in the development of the Bulgarian economy, according to a report by the Economist Intelligence Unit which is to be officially published early in June. Excerpts from the report were cited by Radio Deutsche Welle last Tuesday.
In the next year the country's real GDP growth is expected to remain stable, at a little below 5 per cent, unemployment to drop from 17 per cent to 15 per cent, and commodity price inflation to halve from 8 to 4.4 per cent, the report says, quoted by Radio Deutsche Welle. A stabilization of the government budget deficit and a slight increase in the country's foreign debt, by some 400 million US dollars, are also projected.
The report points out, however, that these predictions are made on the assumption that there is no major political shift in Bulgaria after the general elections on June 17.

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