Text size

The World Bank expects higher economic growth in Bulgaria in 2021

published on 10/6/21 1:57 PM

Photo: Archive

The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's return to pre-crisis indicators will take place only in 2022. The expected annual inflation of 3.2% is unchanged.

In the short term, the biggest risk to the country's prospects is the slow rate of vaccination against Covid-19. Despite the expected higher revenues, an annual budget deficit of over 4% of GDP could occur. Another key risk is political instability, the country's analysis says.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy economic growth World Bank

More from category

Property prices in Sofia rise 25.5% in a year

The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..

published on 11/26/25 4:36 PM

Natural gas prices to fall by over 4% in December

Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..

published on 11/26/25 2:22 PM

IMF assesses Bulgaria's near-term growth outlook as positive

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..

published on 11/25/25 10:18 AM