Text size

IMF forecasts Bulgaria's GDP growth to shrink by 4% for 2020

published on 4/14/20 5:50 PM

Photo: archive

After a registered growth of 3.4% in 2019, Bulgaria's gross domestic product will shrink by 4.0% in 2020 before it rises by 6% in 2021. These are projected figures by the International Monetary Fund presenting the organization's spring forecasts for the global economy, which are highly declined because of the Covid-19 crisis.

The IMF expects that consumer inflation in Bulgaria will slow from 2.5% in 2019 to 1.0% in 2020, then rise by 1.9% in 2021. Unemployment will double to 8.0% after 4.2% in 2019. For 2021. unemployment is expected to return to 4.5%.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Covid-19 GDP gross domestic product IMF International Monetary Fund

More from category

A quarter of Bulgarians are willing to maintain friendships with HIV-positive people

Public attitudes towards HIV/AIDS in Bulgaria show that a quarter of Bulgarians are ready to keep friendships with HIV-positive people, BTA reported. Men are slightly more tolerant than women (28% versus 23%). The data are from a..

published on 11/29/24 1:23 PM

GERB/SDS withdraws its nomination for president of the National Assembly

GERB/SDS has withdrawn its nomination for president of the National Assembly. In the upcoming 8 th attempt to elect a president of parliament, there will be 3 candidates. Vazrazhdane is once again nominating Petar Petrov. There Is Such a People (ITN)..

published on 11/29/24 12:04 PM

Vice President Iliana Iotova: Whether the parliament will survive is up to the political parties

Two very important procedures depend on the election of president of parliament. Talking to reporters, Vice President Iliana Iotova said that if a president of the National Assembly is elected, then a national budget can be submitted and the president..

published on 11/29/24 11:26 AM