Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

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

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sheep and goat breeders demand the resignation of the management of the Bulgarian Food Safety Agency

"We demand the resignation of the management of the Bulgarian Food Safety Agency for failing to address the problems, specifically the case with the infected sheep in Velingrad, the Co-chairman of the National Sheep and Goat Breeding Association Deyan..

published on 12/2/24 10:29 AM

Sheep and goat herds in Yambol district to be tested for sheep plague and smallpox

Starting from December 2, testing for the presence of sheep and goat plague and smallpox will begin in 6 villages in Yambol district. Samples will be taken from over 1,000 sheep and goats by December 4, said the regional food safety directorate. The..

published on 12/2/24 9:09 AM

Premier Dimitar Glavchev welcomes the entry into office of the new European Commission

Caretaker Premier Dimitar Glavchev held a phone conversation with European Commission President Ursula von der Leyen, the press service of the Council of Ministers said. Premier Glavchev sent out his congratulations and wishes for success on the day..

published on 12/2/24 8:41 AM