WB: Bulgaria's Economic Growth Stable

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WB: Bulgaria's Economic Growth Stable

The EU10 Eastern European countries (Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) have adjusted relatively well to the ongoing financial turmoil, higher and rising commodity prices and inflation, and outlook for weak economic growth in mature markets, the World Bank said on Wednesday in its latest EU10 Regular Economic Report.

The study says that although economic expansion in most EU countries is set to slow in 2008, led by substantially slower economic activity in Estonia, Latvia and Lithuania, the overall pace has remained reasonably robust.

Economic growth should be broadly unchanged in Bulgaria and Poland this year, and should pick up in Hungary and Romania, the report says.

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