KRIB made an assessment of the real state of the Bulgarian economy

The state must tighten its belts and stop ineffective spending in the budget sphere in the conditions of an economic crisis, suggested the Confederation of Employers and Industrialists in Bulgaria (KRIB) at a regular monthly briefing topic: "KRIB's assessment of the real state of the Bulgarian economy and the prospects for the development of the crisis", held on March 30, 2009...

KRIBB'S ASSESSMENT OF THE REAL STATE OF THE BULGARIA ECONOMY AND PROSPECTS FOR THE DEVELOPMENT OF THE CRISIS - March 2009.

The adjustment of the economy begins to develop according to the IMF's forecasts. In the Fund's main scenario, GDP growth is expected to slow down to 1%, and in the alternative scenario - to fall to -3%. Inflation is expected to be between 3.5 and 4.7%. The current account deficit will fall from 25% of GDP for…