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

Word Bank forecasts that Bulgaria’s economy will plunge into recession in 2020

The Bulgarian economy will plunge into recession due to the impact of the Covid-19 pandemic on exports and domestic activity, the Europe and Central Asia Spring Economic Update of the World Bank reads. Bulgaria’s GDP is expected to decline by 3.7% in 2020. However, the 2021 forecast of the World Bank reads that this country’s economy will mark a 3.9% growth. The World Bank calls for decisive policy measures in support of the most-vulnerable groups and sectors, in order to mitigate the impacts of the Covid-19 pandemic.




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

Another group of Bulgarians returns from Lebanon

Another group of Bulgarian citizens has returned home early this morning from Lebanon. This happened with the assistance of the Foreign Ministry, the Bulgarian Embassy in Beirut and our Canadian partners, the Foreign Ministry said. With the help..

published on 10/6/24 9:45 AM

Weather forecast: Sunday will be cloudy with rain

On Sunday the weather will be predominantly cloudy, with the clouds scattering temporarily over Western Bulgaria. There will be rain in many parts with thunder in the Rhodopes and the Eastern regions where there will be more significant rainfall...

published on 10/5/24 6:10 PM

30 public buildings illuminated in green tonight to mark European Donation Day

30 buildings across the country will be illuminated in green tonight to mark European Donation Day – the European Day for Organ, Tissue and Cell Donation, the Executive Agency Medical Supervision has announced. The idea is to show solidarity for the..

published on 10/5/24 5:54 PM