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Better economic growth outlook

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Instead of 2.1%, the gross domestic product of Bulgaria in 2016 is expected to reach 2.6 percent. The bigger rise is mainly due to a more solid domestic consumption and investment, the autumn macroeconomic forecast of the Ministry of Finance has shown. It is expected that the favorable dynamics of private consumption recorded in the first half of the year would continue until the end of 2016 and the decline in public spending would slow significantly. As a result, final consumption will grow by 1.5 percent, experts forecast.



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