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Bulgaria Q1 GDP growth confirmed

Bulgaria’s gross domestic product advanced by 2.4% year-on-year in the first quarter of 2020, following a 3.1% growth in the previous quarter, the National Statistical Institute (NSI) says, citing preliminary data. 

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It was the weakest pace of expansion since the third quarter of 2014, mainly attributable to the COVID-19 epidemic.

On a quarterly comparison basis, Bulgaria’s GDP growth also decelerated, to 0.3% in the January-March period of 2020 from 0.8% in the fourth quarter of last year, the Sofia-based statistics agency reports.

Bulgaria’s GDP totaled BGN 25.6 billion (EUR 13.1 billion) at current prices in the review period, according to the data, NSI said on June 4.