According to a forecast of Raiffeisen published in last month's report of Raiffeisen Bank Bulgaria, the country's economic growth this year will not exceed 1.2%, which means that the gross domestic product will reach 39.1 billion euro.
Last year's growth was 1.7% and the GDP reached 38.5 billion euro.
Despite the fifteen thousand newly-registered unemployed in 2011, the bank's experts say individual consumption will increase by at least one percent this year, and the collective one - by 0.4%.
However, the export of goods and services is expected to slow down to just 1.3% by the end of the year.
Raiffeisen research also says Bulgaria's state debt will increase to 20.7% of the country's GDP this year. At the end of 2011 it was 17% of Bulgaria's GDP.
Text: http://paper.standartnews.com
(13.03.2012)