The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in 2024. In January, the World Bank predicted that Bulgaria’s GDP will increase with 2.4% in 2024. The bank predicts that in 2025, Bulgaria’s economic growth will accelerate to 3,1%. However, six months ago, the bank predicted an even higher growth of 3.3%.
The World Bank upgraded its outlook for the global economy, estimating that it will expand 2.6% this year thanks to sustained growth in the United States. Stronger-than-expected growth in the United States accounts for 80% of the upgraded outlook.
“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..
The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..
The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..
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