Bulgarian economy to hit bottom by end of March

Bulgaria's economy will hit bottom in the current quarter or in the first three months of 2010, analysts of Economist Intelligence Unit forecast. The data were announced at the eighth roundtable with the Bulgarian government, organised by Economist Conferences.
Factors
Exports to the EU and Turkey and unfreezing of financing are the factors that will take Bulgaria back on track to growth, Richard Eames, conferences programme director CEMEA, said. Bulgaria's economic performance since the beginning of the crisis differs from that of other EU countries in that slump has been very rapid in the past two quarters. Therefore we think the bottom will be hit by this year's end or in the first quarter of 2010 at the latest, Eames explained.


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