KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the conclusions of the Belgian financial group's latest assessments of the economies of Central and Eastern Europe.
According to the financial report, Bulgaria’s economic growth is stable, mainly due to domestic demand and supported by the momentum from the expected adoption of the euro as the national currency. Experts predict that in 2026 the gross domestic product will grow by 2.7% compared to their earlier forecasts for growth of 2.6%.
The group also predicts that the rate of price growth will remain high and that the average inflation next year will be around 3.4% compared to 3.5% this year. The country's budget deficit will increase to 4.2% of GDP in 2026 compared to 3% this year, BTA reports.
Editor: Diana Tsankova
Publication in English: Al. Markov
Photo: EPA/BGNES
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