Fitch portend dark and portentous to the economy of Bulgaria

If last week a representative of the International Monetary Fund announced that it expects 7% decline in the economy this year, it began this week with another dark portentous: rating agency Fitch yesterday also included in the minor scale to the economy of our country.
If last week a representative of the International Monetary Fund announced that it expects 7% decline in the economy this year, it began this week with another dark portentous: rating agency Fitch yesterday also included in the minor scale to the economy of our country.

Fitch Ratings forecast to be slightly more moderate, although it indicates a serious economic decline. Expected reduction in gross domestic product (GDP) of Bulgaria from 5.5 percent this year and 3.5 percent for the next.

Dyasnotsentristka new coalition that emerged after the recent elections held in the country should draw up an economic strategy to cope with risks to the economy and to preserve the credit rating, comment from the agency.

The rating agency us in local currency „BBB“, a long-term foreign – „BBB-„. These two ratings were maintained unchanged in April this year, but their outlook was downgraded from „stable“ to „negative.“

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Finance

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