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

EC: Bulgaria to see 12% inflation in 2022

Photo: Archive

Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria. Energy prices are expected to start falling after the summer.


The inflation rate prognosis for 2022 is 11.9%, while for 2023 it is 5%. The country's GDP growth for 2022 will plunge to 2.1 percent from 4.2% in 2021. Growth of 3.1 per cent is projected for 2023.


To soften the impact of high energy prices, employers will limit wage increases, freeze job openings and investment, trying to keep unemployment rate below 5 percent.




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

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

Rumen Radev: Medical assistance is a leading factor of morale at the front

“One of the leading factors of motivation and morale of the people fighting at the front is the availability of fast and reliable medical evacuation, as well as of effective and adequate medical assistance and its provision in the immediate vicinity..

published on 10/5/24 2:17 PM