Bulgarian Economy Predictions
Despite the steady growth of the Bulgarian economy, the international financial crisis is unlikely to miss Bulgaria. The Bulgarian economy is not dependent on the US economy, however 2/3 of the Bulgarian trade relations are with the EU countries, where the signs of recession are rather obvious. According to the experts the recession will affect Bulgaria in 1 -1.5 years. It might start in the winter when household expenses are higher, as well as the inflation. The economic growth is likely to stop due to the slowing down of the property market and the interest increase.
Category: Bulgaria, Economy | Tags: Bulgaria, crisis, Economy, growth, Inflation, interest, property market, recession Comment »