The International Monetary Fund expects Bulgaria’s GDP growth to slow to 1.7% in 2023 from 3.4% last year, before accelerating to 3.2% in 2024.
The fund’s autumn forecast was better than the spring report, according to which Bulgaria’s GDP was expected to grow this year by 1.4%. In spring, however, the IMF expected the Bulgarian economy to grow by 3.5% in the coming year.
The Washington-based international lender also expects an average annual growth of the Bulgarian economy of 2.8% until 2028.
According to the fund, annual inflation in the country will slow down from 13% in 2022 to 8.5% this year and then to 3% in 2024.
The unemployment rate, meanwhile, will rise to 4.6% in 2023 from 4.2% in 2022, before returning to 4.4% in 2024. (Novinite/Business World Magazine)
