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

The World Bank lowers its annual global growth forecast

Photo: BGNES

Bulgaria’s economic growth in 2023 will be 1.7%, the World Bank forecast in a new report. The expected rise has been lowered from the 2.6% growth forecast announced in June. For Eastern Europe, the latest expectations are for growth of 1.1 percent.

Global growth will slow "dangerously close" to recession in 2023, according to the institution, which has slashed its economic expectations due to high inflation, rising interest rates and the war in Ukraine.

A sharp, protracted slowdown is likely to push global growth down to 1.7 percent, nearly half the pace previously forecast and among the weakest in decades, the Washington-based institution said.




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

European and Bulgarian businesses to meet with the Bulgarian Stock Exchange in Sofia

The Bulgarian Stock Exchange (BSE) will participate in the event "EU-Chambers Business Chill with the Bulgarian Stock Exchange," according to a post by the BSE on Facebook. The event is being organised by the Hungarian-Bulgarian Chamber of..

published on 11/19/25 8:15 AM

New business club works to promote Bulgarian entrepreneurs in Berlin

Under the name BGBizHub, Bulgarian entrepreneurs in Berlin have joined forces to promote and develop their businesses in Germany. "Like any other business, not only in Berlin or in Bulgaria, we currently face several problems -..

published on 11/18/25 4:20 PM

Bulgarians spend nearly 30% of their budgets on food

Bulgarians are consuming less bread, cheese and vegetables, but more fruit, according to the latest data from the National Statistical Institute on household consumption in the third quarter of 2025, compared to the same period last year...

published on 11/17/25 11:52 AM