Text size

EC: Inflation in Bulgaria is expected to be 3.1% in 2024

published on 5/15/24 3:13 PM

According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025. The anticipated downtrend in external prices is expected to limit inflation in both energy and non-energy industrial goods prices.

In terms of economic growth, Bulgaria's gross domestic product (GDP) is projected to increase by 1.9 % this year and by 2.9 % in 2025. Domestic demand is seen as the main driver of this growth, although private consumption is expected to remain moderate.

Wage increases are forecast to stabilise at around 10%, close to the long-term average, as inflationary pressures ease. In addition, the budget deficit is expected to reach 2.8 % this year.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 2024 bulgaria ec spring economic forecast

More from category

Bulgaria and North Macedonia reaffirm their commitment to continue the construction of Railway Corridor No. 8

In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..

published on 10/17/24 8:40 AM

Caretaker Minister of Innovation and Growth Rosen Karadimov

A Taiwanese technology giant wants to build a factory near Plovdiv

A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..

published on 10/16/24 6:14 PM

Susumu Kataoka, president of Japan External Trade Organization

Japanese-Bulgarian business forum is being held in Sofia

A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..

published on 10/15/24 12:11 PM