Bloomberg News

UniCredit Cuts Bulgaria 2012 GDP Growth Forecast to 1.5%

December 15, 2011

Dec. 15 (Bloomberg) -- UniCredit SpA cut Bulgaria’s economic growth forecast to 1.5 percent for next year and to 2 percent for this year on concerns that the euro area crisis will cut investment and demand for exports in the European Union, the bank said in an e-mailed statement today.

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