Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian National Bank lowers GDP growth outlook for 2021

The Bulgarian National Bank building
Photo: Ani Petrova

The Bulgarian National Bank, BNB, has lowered the macroeconomic GDP growth outlook by 0.2%, and believes that by the end of 2021 it will be 3.9%.

“In view of the postponement of the implementation of nationally-financed infrastructure projects, as well as the slower rate of absorption of funding under EU programmes during the year and the development of business indicators, during the second half of the year we are expecting companies to remain wary with regard to investment costs,” are some of the motives for the BNB’s pessimism.

The BNB is expecting the GDP growth rate to be 4.7% in 2022, and 3.8% in 2023. Inflation in 2021 is expected to reach 3.8%, though the forecast does not register the price volatility in energy. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Dimitar Radev

Bulgaria to meet the final economic criterion for the eurozone by January

Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the..

published on 12/7/24 3:06 PM
BNB

BNB calls against excessive taxation of bank profits

The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words,..

published on 12/7/24 9:55 AM

GDP up by 2.4% during the third quarter

The Gross Domestic Product has gone up by 2.4% during the third quarter of the year compared to the same period of 2023, indicate preliminary National Statistical Institute data. This indicates there is a certain acceleration of the growth..

published on 12/6/24 5:45 PM