The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in 2024. In January, the World Bank predicted that Bulgaria’s GDP will increase with 2.4% in 2024. The bank predicts that in 2025, Bulgaria’s economic growth will accelerate to 3,1%. However, six months ago, the bank predicted an even higher growth of 3.3%.
The World Bank upgraded its outlook for the global economy, estimating that it will expand 2.6% this year thanks to sustained growth in the United States. Stronger-than-expected growth in the United States accounts for 80% of the upgraded outlook.
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
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