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World Bank lowers its forecast for Bulgaria’s economic growth

World economic growth will accelerate from 2.4% in 2013 to 3.2 percent in 2014, according to a World Bank report. GDP growth in Bulgaria in 2013 is estimated at only 0.6 percent, while that for 2014 is expected to be at 1.7%, with 1.8% set in the state budget. According to the bank, Bulgarian’s economic growth will increase by 1.8 percent in 2015 and will reach 2 percent no earlier than 2016. Until recently, the WB estimates envisaged a 1.2% growth in 2013, 2.1% in 2014, and in 2015 - 3%.




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