Podcast in English
Text size
Bulgarian National Radio © 2024 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

Scientists discuss the history and perspectives of the Western Outlands

The Institute for Historical Studies at the Bulgarian Academy of Sciences is organizing today a scientific conference on the topic "The Western Bulgarian Outlands - History and Perspectives" on the occasion of the 100th anniversary of..

published on 11/8/24 7:55 AM

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM