Text size

The EBRD lowers growth forecasts, but is optimistic about inflation

published on 9/26/24 1:17 PM

Photo: ebrd.com

The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests.

Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May.

In its latest Regional Economic Prospects report, output in the EBRD's regions for 2024 has been revised down by 0.2 percentage points to 2.8 per cent. The report, entitled "Along the adjustment path", cites several reasons for the downward revisions, including the impact of severe drought and ongoing military conflicts in south-eastern EU countries.

The EBRD highlights falling regional inflation. It has fallen from a peak of 17.5 per cent in October 2022 to 5.8 per cent in July 2024. However, inflation remains 1.6 percentage points above the pre-pandemic average.

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

Radio Bulgaria Economy along the adgustment path ebrd growth report

More from category

The model of EU subsidies distorts agricultural production in Bulgaria, the director of the Institute of Agrarian Economics says

In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..

published on 10/31/24 9:39 AM

Business climate in Bulgaria worsens in October

In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..

published on 10/30/24 1:36 PM

Institute for Market Economics: The future administration of the country must make unpopular decisions

Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..

published on 10/30/24 10:41 AM

WEATHER

Pick city: Sofía

Rain / Snow
Min: 0 | Max: 4

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..

published on 11/21/24 5:30 PM

Share