World Bank Cuts Bulgaria’s 2025 GDP Growth Forecast to 1.6%
The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025, citing a broader global economic slowdown
Bulgaria’s Economy to Grow by 1.1% in 2015 – World Bank
- Tweet
Send to Kindle
Infographic by worldbank.org
The World Bank has substantially lowered its 2015 economic growth forecast for Bulgaria.
According to World Bank Group’s Global Economic Prospects (GEP) report, released Wednesday, Bulgaria’s economy will expand by 1.1% in 2015, down from the 2.4% GDP growth predicted in June.
Meanwhile, Bulgaria’s Finance Ministry anticipates GDP growth of 0.8% in 2015, while the European Commission expects Bulgaria’s economy to expand by 0.6% in 2015, according to reports of dnevnik.bg.
The International Monetary Fund and the European Bank for Reconstruction and Development expect Bulgaria to register GDP growth of 2% in 2015.
The World Bank is more optimistic about Bulgaria’s economy in 2016 and 2017, with growth forecasts of 2% and 2.7%, respectively.
The World Bank has also downsized its forecast about the global economy in 2015 from a rate of 3.4% in June to 3%.
The global economy is to grow by 3.3% in 2016 and 3.2% in 2017.
The eurozone economy is projected to expand by 1.1% in 2015.
Related Articles:
Bulgaria Joins High-Income Nations for the First Time, Says World Bank
For the first time, Bulgaria has been classified among the countries with high national income according to the World Bank's classification
World Bank Shocks with Bleak Economic Prediction for Bulgaria
The World Bank has revised its economic forecast for Bulgaria downward for the third consecutive time, according to its latest summer report
Ukraine Set to Receive $1.9 Billion Investment Boost from World Bank
The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months
World Bank Warns: Bulgaria's Eurozone Accession at Risk!
Bulgaria's aspirations to join the Eurozone in 2025 face significant hurdles as economic slowdown and political uncertainty pose formidable challenges, according to a recent analysis by the World Bank
Bulgarian President Radev Engages in High-Level Talks with IMF's Georgieva
President Rumen Radev engaged in a substantial dialogue with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva
Politics | March 11, 2024, Monday // 11:55
Bulgarians Show Confidence in Euro: 25% of Household Deposits Already in Euros
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Bulgaria's Inflation Expected to Rise Ahead of Euro Adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
Transition to Euro: Bulgaria’s National Bank to Stop Announcing Key Interest Rate
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Economic Expert Highlights Key Hurdles for Bulgaria’s Euro Transition
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
Bulgaria's National Bank Confirms: Accounts to Be Converted Without Fees After Euro Adoption
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency.
Euro Takes Over: Bulgarian ATMs to Stop Distributing Levs in January 2026
During the one-month transition period after Bulgaria adopts the euro, ATMs across the country will distribute only euro banknotes
