The Bulgarian National Bank (BNB) said that it expects Bulgaria’s economy to expand by 1.9% in 2022, revising downwards its March growth forecast of 2.1%.
The slower GDP growth will be determined by the negative contribution of net exports, which will be only partially offset by the projected increase in domestic demand, the BNB said.
BNB revised downwards Bulgaria's GDP growth forecast for 2023 from 3.9% to 1.7%. The Bulgarian National Bank revised upwards its inflation forecast for 2022 from 9.6% to 14.7%.
The deteriorating international environment, energy shortages and rising international commodity prices pose risks to the Bulgarian economy, the analysis reads.
Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN),..
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