2009 – Bulgaria’s GDP Falls
The last quarter of 2009 was the worst one for the Bulgarian economy. According to the National Statistics Institute Bulgaria’s GDP has fallen by 6.2% and it has been 17 billion levs (about 8.5 billion Euros). The real annual drop for 2009 was of 5.1% in comparison with 2008. The official forecast of the Bulgarian government made in the autumn of 2009 was for a drop of 6.3% which later has been corrected to 4.9%.
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Category: Bulgaria, Economy | Tags: Bulgaria's GDP, drop, national statistics institute, recession Comment »