IMF Projects Economic Growth for Bulgaria of 1.7 % in 2015, 1.9 % in 2016

According to the latest World Economic Outlook of the International Monetary Fund (IMF), which was released on Tuesday, the Bulgarian economy is expected to register a growth of 1.7 % in 2015.

Thus Bulgarian GDP will retain its 2014 level and it is projected to increase further to 1.9 % in 2016.

As regards the consumer prices in Bulgaria, deflation of 0.8 % is forecasted in 2015, which is expected to turn into inflation of 0.6 % in 2016.

The unemployment rate in Bulgaria is projected to steadily decrease from 10.3 % in 2015 to 9.7 % in 2016.

The balance on Bulgaria's current account is projected at 1 % in 2015 and 0.2 % in 2016.

The growth of Bulgarian economy is below the average figure projected for the group of emerging and developing European countries, which is forecasted at 3 % for both 2015 and 2016.

The other countries included in the group are: Albania, Bosnia-Herzegovina, Croatia, Hungary, Kosovo, Macedonia, Montenegro, Serbia, Poland, Romania and Turkey.

The global economic growth is projected to be 3.1 % in 2015 and 3.6 % in 2016.

Explore the full report here.

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