Podcast in English
Text size
Bulgarian National Radio © 2024 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

Bulgarian business is looking to hire 261,926 new workers and professionals

In the next 12 months, the Bulgarian business needs about 262,000 workers and specialists , according to a study by the Employment Agency. This is nearly 9.3% of the currently employed. Compared to the results in 2023, there is a..

published on 10/24/24 11:42 AM

Bulgaria will apply method used in France and Spain to combat hail

There will be pilot testing of ground-based silver iodide generators for hail protection in two zones where the use of rockets is not allowed, the Deputy Minister of Agriculture Ivan Kapitanov said.  At a meeting with Claude Berthet,..

published on 10/24/24 11:21 AM

Political instability is a major challenge for German investors in Bulgaria

The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..

published on 10/24/24 9:15 AM