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The World Bank expects higher economic growth in Bulgaria in 2021

published on 10/6/21 1:57 PM

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The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's return to pre-crisis indicators will take place only in 2022. The expected annual inflation of 3.2% is unchanged.

In the short term, the biggest risk to the country's prospects is the slow rate of vaccination against Covid-19. Despite the expected higher revenues, an annual budget deficit of over 4% of GDP could occur. Another key risk is political instability, the country's analysis says.

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Radio Bulgaria Economy economic growth World Bank

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The value of the small consumer basket in Bulgaria has not changed in a year

Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..

published on 11/29/24 5:05 PM

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The World Bank expects higher economic growth in Bulgaria in 2021

More from category

The value of the small consumer basket in Bulgaria has not changed in a year

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

The value of the small consumer basket in Bulgaria has not changed in a year