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The EBRD lowers growth forecasts, but is optimistic about inflation

published on 9/26/24 1:17 PM

Photo: ebrd.com

The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests.

Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May.

In its latest Regional Economic Prospects report, output in the EBRD's regions for 2024 has been revised down by 0.2 percentage points to 2.8 per cent. The report, entitled "Along the adjustment path", cites several reasons for the downward revisions, including the impact of severe drought and ongoing military conflicts in south-eastern EU countries.

The EBRD highlights falling regional inflation. It has fallen from a peak of 17.5 per cent in October 2022 to 5.8 per cent in July 2024. However, inflation remains 1.6 percentage points above the pre-pandemic average.

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The turnover of retail chains dropped by almost 29% on the day of the boycott

Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..

published on 2/15/25 2:22 PM

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The EBRD lowers growth forecasts, but is optimistic about inflation

More from category

The turnover of retail chains dropped by almost 29% on the day of the boycott

The average salary in Sofia is EUR 1732, according to NSI

NSI: Annual inflation in Bulgaria at 3.7 per cent

The turnover of retail chains dropped by almost 29% on the day of the boycott