Source: Facebook/Kristalina Georgieva
The Bulgarian economy will grow by 2.3% this year. This is recorded in the latest overview of the world economy, prepared by the International Monetary Fund (IMF), which was presented today at the headquarters of the institution in Washington, within the framework of the annual meetings of the IMF and the World Bank.
This is a downgrade from the Fund’s estimate given in April at the joint spring meetings of the IMF and the World Bank, when it was indicated that Bulgaria‘s GDP would grow by 2.7% this year.
The IMF notes that in 2023 Bulgaria’s economy grew by 1.8% (adjusted at the end of last week by the NSI upwards to 1.9% – note ed.).
For 2025, the institution, headed by the Bulgarian Kristalina Georgieva, already expects growth of 2.5%, which is also a decrease compared to the forecast of 2.9% given in April.
Against this background, last week the Fitch Ratings agency announced that it expects Bulgaria’s GDP to grow by 2% this year and by 2.5% in 2025.
The expectations of the Bulgarian National Bank in its July Macroeconomic Forecast were for growth of 2.1% this year and 3.2% in 2025.
The IMF report announced today predicts that inflation in Bulgaria will be 2.8% in 2024, after 8.6% last year. The current estimate is down from the expected April rate of 3.4 percent. For 2025, the assessment of the international financial institution is that consumer prices in our country will increase by 2.6% instead of 2.7%, which were the forecasts in the spring of this year.
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