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

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

Photo: BGNES

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.

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

Minister of Economy Petko Nikolov

Bulgaria's full membership in Schengen will save the economy millions of euros

The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said . He quoted a report by the Economic Research Institute at the Bulgarian Academy of..

published on 7/8/24 1:21 PM

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..

published on 7/5/24 1:44 PM

BNB sets base interest rate at 3.63% as of July 1

The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..

published on 7/1/24 8:52 AM