The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast.
In its March forecast, BNB expects Bulgaria’s real GDP growth to reach 2.8% in 2025, then temporarily slow to 2.2% in 2026, and accelerate to 3.1% in 2027. For comparison, the January forecast projected GDP growth of 2.5% for 2025, 3.0% for 2026, and 2.5% for 2027.
The upward revision of the 2025 real GDP growth forecast is primarily driven by a projected increase in government consumption and a more positive contribution from inventories. However, the risk of lower growth in exports of goods and services remains, the analysis said.
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