The European Bank for Reconstruction and Development, EBRD, is forecasting that the economy of Bulgaria will grow by 4.2% in 2021, compensating for the 4.2% drop in 2020. This means the EBRD has cut down its June forecast for a 4.5% GDP growth by December.
In its November report Regional Economic Prospects, the European Bank for Reconstruction and Development projects a GDP growth in Bulgaria of 4.4% in 2022. The projection is 0.4% higher compared to June, when the expected growth rate was 4%.
“The risks are tilted to the downside, including the low vaccination rate and ongoing political crisis," the EBRD notes.
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Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for..
Cooperation between Bulgaria and China in the field of agriculture and food is very active and is constantly expanding. This was stated at a meeting in..
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