Ruse Horse

Bulgaria's economic growth is expected to slow down to 5.2% from 5.6% a year earlier, according to a freshly released expert survey. The state Agency for Economic Analyses and Prognoses has projected the country's annual inflation rate would decrease to 3.4% this year from 4% year-on-year basis. The survey has foreseen the current account and trade gap this year would widen to 7.7% and 15% of the GDP respectively. Foreign investments are expected to reduce pace as well reaching EUR 1.65 B from EUR 1.98 B last year. According to the experts, the projected investment would be still able to bridge the current account gap. Tourist sector revenues were seen as another critical increment of foreign cash, able to cover some 30% of the foreign trade deficit.

Ruse Bulgaria to Hold up Economic Growth