Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The EBRD lowers growth forecasts, but is optimistic about inflation

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. 



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

Yanislav Yanchev

Good news: Wheat harvest may hit 6 Mt

At the start of the harvest season, Yanislav Yanchev, the Deputy Minister of Agriculture , predicted that the wheat would be of good quality.  The country continues to maintain a stable position as a grain producer. The domestic market is secure and..

published on 7/1/25 1:31 PM

Bulgaria’s base interest rate falls below 2%

The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by 0.16% compared to the previous month, when it stood at 2.07%. Thus, the base interest rate will be..

published on 7/1/25 8:43 AM

In the height of summer Bulgaria expects 6% more foreign tourists

In 2025, Bulgarian tourism maintains sustainable growth despite global challenges. According to analysts, a record number of foreign visitors is expected in the coming months as a result of stable international markets and the..

published on 6/30/25 10:10 PM