Text size

The World Bank expects higher economic growth in Bulgaria in 2021

published on 10/6/21 1:57 PM

Photo: Archive

The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's return to pre-crisis indicators will take place only in 2022. The expected annual inflation of 3.2% is unchanged.

In the short term, the biggest risk to the country's prospects is the slow rate of vaccination against Covid-19. Despite the expected higher revenues, an annual budget deficit of over 4% of GDP could occur. Another key risk is political instability, the country's analysis says.

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

Radio Bulgaria Economy economic growth World Bank

More from category

After data update, Bulgaria's GDP for 2023 has increased

In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..

published on 10/18/24 1:30 PM

Bulgaria and North Macedonia reaffirm their commitment to continue the construction of Railway Corridor No. 8

In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..

published on 10/17/24 8:40 AM

Caretaker Minister of Innovation and Growth Rosen Karadimov

A Taiwanese technology giant wants to build a factory near Plovdiv

A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..

published on 10/16/24 6:14 PM