World Bank Raises Growth Forecast for Bulgaria
- Tweet
Send to Kindle
pexels.com
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.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria: How Long will the Price of Living Continue to Rise?
- » Chairman of BAIC: Bankruptcies in Bulgaria are Inevitable, the Economy will Stop
- » Forecast: Basic Food Prices in Bulgaria will Rise by Another 7% by the End of the Year
- » Bulgarians Living Abroad have Started Sending Less Money to their Relatives in Bulgaria
- » Over BGN28 billion has been syphoned off from Bulgaria since 2005
- » Fitch Ratings Affirm BDB Rating at BBB, Outlook Positive
