The Peak Of The Crisis In Bulgaria Will Be This Year

The peak of the crisis in Bulgaria will be in 2009. This show the forecast of the International Monetary Fund. According to the organization's experts this year the speed of the economic growth of the country will shrink with 2% compared to a growth of 6% in 2008. In 2010 improvement of the situation is expected and the turndown will be around 1%.Abrupt downturn will be marked by the inflation - from 12% in 2008 to 3.7% for the whole 2009. In the next year the prices will go up slowly - with 1.3% on annual basis.2009 is expected to be tough for the whole European Union - the economics will shrink with 4% and the reduction of the gross domestic product in the Eurozone will be 4.2%.Improvement is expected in 2010, when the EU countries will mark shrinking with 0.3% and the Monetary union countries - with 0.4%.Neither the EU, nor the EU zone is threatened by deflation in the next two years, prognoses the IMF. The prices in the EU will grow with an average of 0.8% for both years. For the Eurozone the inflation expectations are 0.4% for 2009 and 0.6% for 2010.