Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

IMF forecasts Bulgaria's GDP growth to shrink by 4% for 2020

Photo: archive

After a registered growth of 3.4% in 2019, Bulgaria's gross domestic product will shrink by 4.0% in 2020 before it rises by 6% in 2021. These are projected figures by the International Monetary Fund presenting the organization's spring forecasts for the global economy, which are highly declined because of the Covid-19 crisis. 
The IMF expects that consumer inflation in Bulgaria will slow from 2.5% in 2019 to 1.0% in 2020, then rise by 1.9% in 2021. Unemployment will double to 8.0% after 4.2% in 2019. For 2021. unemployment is expected to return to 4.5%.



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

Cloudy weather, rainfall expected in Bulgaria on Friday

On Friday, the minimum temperatures in Bulgaria will be from 6 to 11°C, in Sofia – 7°C.  During the day, it will be cloudy over most of the country. In the afternoon, rain will begin in Western Bulgaria, in the mountains above 2,000 meters - snow, and..

published on 10/16/25 7:25 PM

South Africa introduces visa-free regime for Bulgarians for stays of up to 90 days

The government of South Africa is introducing a visa-free regime for Bulgarian citizens holding ordinary passports for stays of up to 90 days , the Embassy of Bulgaria in Pretoria announced on its Facebook page. “We express our gratitude to the..

published on 10/16/25 4:16 PM

Bulgaria to receive two F-16 Block 70 aircraft “very soon”, says Bulgarian Air Force commander

Two more F-16 Block 70 aircraft are expected to arrive in Bulgaria very soon. This was announced by the commander of the Air Force, Major General Nikolay Rusev, in front of journalists. So far, Bulgaria has received four F-16 Block 70 aircraft..

published on 10/16/25 3:00 PM