IMF slightly raises Bulgaria's 2021 GDP growth forecast to 4.5%

IMF slightly raises Bulgaria's 2021 GDP growth forecast to 4.5%

The International Monetary Fund (IMF) said on Tuesday that it expects Bulgaria's gross domestic product (GDP) to expand by 4.5% in 2021, slightly revising its April 2021 forecast for 4.4% growth.

Bulgaria's economic growth is then expected to ease to 4.4% in 2022, the IMF said in its latest World Economic Outlook (WEO) report.

Consumer price inflation is seen picking up from 1.2% in 2020 to 2.1% this year, before dropping to 1.9% in 2022, the report showed.

Bulgaria's unemployment rate is forecast to remain unchanged compared to last year, at 5.2%, before declining to 4.7% next year.

Bulgaria is expected to have a current account balance of 0.5% of GDP in 2021 and 0.3% of GDP in 2022, according to the IMF.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.