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Bulgarian Economy to Grow 6,5% in 2008 - Report

Monday, Jul 28, 2008

The Bulgarian economy is going to grow 6% in 2008, and 6,5% in 2009, according to the Quarterly Forecast on the Eastern EU Member States of the International Center for Economic Growth.
According to the data of Bulgaria's National Statistical Institute, the country's growth in 2007 was 6,5%.
The ICEG forecast points to the fact that in the second quarter of 2008, Bulgaria's exports grew 9,2% compared to 5,8% growth for the imports.
It also predicts that Bulgaria's inflation in 2008 will be 11,5%, and 7,7% in 2009.
The risk factors for the Bulgarian economy according to the ICEG are rising oil prices, the unstable international financial markets, and the economic slowdown in the EU.
For Bulgaria's northern neighbor Romania, the forecast projects a growth of 7,2% in 2008, and a slowdown to 6,5% in 2009.
ICEG European Center is an independent economic research institute based in Budapest, focusing its activities on research, macroeconomic and sectoral analyses and forecasts.

Source: Sofia News Agency