Great Recession in Europe
The European Commission lowered its forecast for the growth of the Bulgarian economy this year from 3.8%, as expected in the spring, to 3.5%. The explanation is the delay in exports. The forecast of the International Monetary Fund in October is that the growth for the year is 3.6%, as is the expectation of the Bulgarian Ministry of Finance, reports Dnevnik.
The Gross Domestic Product (GDP) in Q2 of 2018 is higher by 1.4 percent compared to Q1 and when compared to the similar period of 2017 it recorded an increase by 4.1 percent as gross series, and by 4.2 percent as seasonally adjusted series, according to a release of the National Institute of Statistics (INS) sent to AGERPRES on Friday.