BULGARIA
Snapshot
Amid stronger domestic demand, industrial production expanded 4.9% in 2011, well above the 2.0% increase seen in 2010. On a negative note, the external sector continues to weaken as the European debt crisis erodes demand for Bulgaria’s exports. In addition, the unemployment rate closed 2011 at 10.4%, above the 9.5% rate observed in the previous year.
Forecasts
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