Bulgaria’s Economy to Grow by 1.1% in 2015 – World Bank
Thursday, 15 January 2015
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.