Economics
S&P Revises Bulgaria Outlook to Negative on Low Economic Growth
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Standard & Poor’s Ratings Services revised its outlook for Bulgaria to negative from stable on low economic growth, high unemployment and political uncertainty amid recurring protests.
The negative outlook indicates at least a one-in-three possibility that S&P could lower the ratings on Bulgaria within the next two years if the political environment deteriorates, weighing on already-weak growth prospects, the rating company said in a statement today. Bulgaria’s economic recovery has been “shallow” with real growth averaging 1 percent from 2010 to 2012, S&P said.