Central Bank Revises Up Growth Forecast for 2024, Scales Down Inflation Estimates for 2024-2026

Central Bank Revises Up Growth Forecast for 2024, Scales Down Inflation Estimates for 2024-2026

Business

The Bulgarian National Bank (BNB) on Thursday revised up its economic growth forecast for the country for 2024 and scaled down its annual-inflation estimates for 2024, 2025 and 2026. The changes are reported in the central bank’s updated macroeconomic forecast published on its website, CE Report quotes BTA

The BNB expects that Bulgaria’s gross domestic product (GDP) will grow by 2.2% in 2024, which is 0.1 percentage points higher than the June 2024 forecast. In 2025, GDP will grow by 2.7%, not 3.2% as predicted last time. The forecast for 2026 is now 3.4%, up by 0.5 percentage points.

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