Share

Text size

Bulgarian National Radio © 2025 All Rights Reserved

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

published on 4/14/20 5:50 PM

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!

Radio Bulgaria News Covid-19 GDP gross domestic product IMF International Monetary Fund

More from category

Unemployment in Bulgaria remains low

Bulgaria’s Employment Agency reported a stable labour market in September, with the registered unemployment rate standing at 5.06%, down from 5.2% in August. Around 17,000 people found jobs through labour offices during the month, nearly 3,000 of..

published on 10/15/25 5:57 PM

President Rumen Radev gives awards to three Air Force officers

Three Air Force officers were presented with the Presidential Badge of Honor, BTA reports. The head of state presented the award to Major General of the Reserve Ivan Parapunov, Lieutenant Colonel Stefan Stefanov and Major Dimitar..

published on 10/15/25 4:40 PM

The largest trade union in Bulgaria calls against early elections

Early elections will not help anyone. If elections were held now, the caretaker government would have no power to draft the most difficult budget in the past 30 years. This was what the president of the Confederation of Independent..

published on 10/15/25 1:08 PM

1
..
5
6
7
8
9
10

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 7 | Max: 13

BULGARIA IN PICTURES

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

shopify analytics ecommerce
tracking