World Economic outlook - Bulgaria economic GDP Growth Forecast 2012 : UniCredit Cuts Bulgaria 2012 GDP Growth Forecast to 1.5% : UniCredit SpA, Italy’s biggest bank, cut Bulgaria’s growth forecast for this and next year on concern the euro area crisis will cut investment and demand for the country’s exports in the European Union.
Bulgaria’s gross domestic product will probably expand 1.5 percent in 2012, down from a previous forecast of 2.6 percent, UniCredit said in an e-mailed statement today. The economy will expand 2 percent this year, compared with a March 31 estimate of 2.6 percent, the bank said.
