Finance Ministry forecasts slight growth of consumption and investments

10/08/15 08:15
(http://www.klassa.bg/)

Finance Ministry forecasts slight growth of consumption and investments

Bulgaria’s Ministry of Finance improved its prognosis for the growth of the country’s economy in 2015 from the expected (in spring) 1.4% to the current 2%. During the first half of the year the contribution came mainly from exports, but by the end of the year export is expected to slow down, while internal demand is expected to grow speedier. In this way economic growth would be caused by the slight increase of internal demand and public investments. GDP is expected to grow by 2.4% in 2016 and by 2.7% in the period 2017-2018. Private consumption, investments and the public sector would increase their contribution, is the prognosis of the financial institution. The growth of investments in basic capital this year is due to the increase of public investments thanks to the absorption of means from European funds.

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Публикувана на 10/08/15 08:15 http://www.klassa.bg/News/Read/article/258638_Finance+Ministry+forecasts+slight+growth+of+consumption+and+investments