The European Bank for Reconstruction and Development (EBRD) has downsized its 2015 GDP growth forecast for Bulgaria to 0.8% from a rate of 2% in September 2014.
If the forecast of the EBRD is fulfilled, 2015 will be a year of substantial slowdown in economic growth, following GDP growth rates of 1.1% in 2013 and 1.5% in 2014, according to the EBRD’s latest economic outlook, published on January 19, as cited by the Bulgarian National Radio.
EBRD economists expect Russian GDP to shrink by 4.8%in 2015, a major downward revision from September’s forecast of a contraction of 0.2%.
According to the report, a …read more
Source: Novinite
