Bulgaria headed for twoyear recession BNP Paribas
The Bulgarian economy will be in the depths of a recession in the next two years with dwindling capital inflows and consumption squeezed by the rising jobless rate, forecast BNP Paribas economist Michal Dybula, a coauthor of a report on 2009 global economic outlook. Neighbouring Romania is also in for big trouble with GDP set to drop 0.6 per cent next year, according to the French lender.
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