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Date stated in the original: 4 August 2015. Review note: 6 November 2026.

The text of the original article

Bulgarian GDP growth estimates for 2015 — image from the original website

According to the World Bank Group’s Global Economic Prospects (GEP) report, Bulgaria’s economy will expand by 1.1% in 2015, down from the 2.4% GDP growth forecast in June.

Meanwhile, Bulgaria’s Ministry of Finance forecasts GDP growth of 0.8% in 2015, while the European Commission expects Bulgaria’s economy to grow by 0.6%.

The International Monetary Fund and the European Bank for Reconstruction and Development expect Bulgarian GDP to grow by 2% in 2015.

The World Bank is more optimistic about Bulgaria’s economy in 2016 and 2017, forecasting growth of 2% and 2.7% respectively.

The World Bank also lowered its 2015 global economic forecast from the 3.4% rate projected in June to 3%.

The global economy is growing by 3.3% in 2016 and 3.2% in 2017.

Foreign direct investment in Bulgaria is also growing, partly as a result of the formation of numerous Bulgarian companies originating from Greece. Because bank closures have made it difficult to operate, they have decided to establish an office in Bulgaria and invest in their Bulgarian neighbour.