2008–09 Ukrainian financial crisis
The IMF Halved its Expectations for the Growth of the Bulgarian Economy in 2023
Bulgaria's economy will grow by 1.4 percent this year, after 3.4 percent growth in 2022. This is stated in the spring forecast of the International Monetary Fund, whose managing director is Kristalina Georgieva. From there, they expect inflation in our country to decrease to 7.5 percent in 2023 after the growth of 13% on an average harmonized basis for 2022.
Bulgaria’s Ministry of Finance predicts a Slowdown in Economic Growth to 1.8% this year
The Bulgarian economy will slow its growth to 1.8 percent this year, according to the spring macroeconomic forecast of the Ministry of Finance.
Due to the Russian war against Ukraine, an alternative scenario has also been developed, according to which the growth of the gross domestic product (GDP) at current prices may deviate downwards by between 0.5 percentage points.
IMF upgrades outlook for the global economy in 2023
The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine.
World Bank: Russia's Invasion of Ukraine is hampering Post-Pandemic Economic Recovery
For Bulgaria, the growth forecast is 2.9% for this year.
The ongoing war in Ukraine has clouded prospects for post-pandemic economic recovery in emerging and developing economies in the Europe and Central Asia region, according to the World Bank's latest economic report on the region.
Turkish economy expected to grow 3 percent next year
The Turkish economy is forecast to grow 3 percent next year after contracting 1.9 percent in 2019, the World Bank said in its twice-yearly Global Economic Prospects report released on June 4.
Turkey's unemployment rate rises to 12.6 percent, youth unemployment to 23.3 percent in February
Turkey's unemployment rate was announced at 12.6 percent in the February period, with a 1.7 percent year-on-year increase, official data showed on May 15.
This rate showed a slight decrease from a seven-year high at 13 percent in the previous month, data from the Turkish Statistics Institute (TÜİK) showed.
IMF confirms 3 percent GDP growth forecast for Serbia
The IMF has confirmed the 3 percent GDP growth forecast for Serbia this year, while next year's growth is estimated at 3.5 percent.
This institution published the latest World Economic Outlook during the traditional spring session of the IMF and World Bank in Washington DC.
Modest growth in Europe, Central Asia amid growing polarization: World Bank
There will be a modest increase in GDP growth in 2016 for countries in the Europe and Central Asia (ECA) region, said World Bank in a report on Nov. 22.
Turkey's foreign trade deficit narrows 25 percent in 2015 amid oil plunge
Turkey's foreign trade deficit narrowed by 25 percent year-on-year in the first 11 months of 2015 thanks to the decline in imports amid the drop in the oil price, according to data revealed by the Turkish Statistics Agency (TÜ?K) on Dec. 31.
The deficit narrowed to $57 billion in the January-November period compared to the same period of 2014.
Russian crisis-hit economy slumped 4.1 percent in third quarter
Russia's economy shrank 4.1 percent in the third quarter this year, official statistics showed on Nov. 12, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.