Economic forecasting

The Organization for Economic Co-Operation and Development (OECD) slashed its 2020 global economic growth forecasts, in an update of its projections on March 2, in response to the coronavirus outbreak.

Economic forecasts for 2020 say that the year ahead will be a copy-paste of the year behind - with solid results but not the spectacular advances that politicians keep predicting.

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.

The International Monetary Fund (IMF) said on Tuesday that it expects the Bulgarian economy to grow by a real 3.3% in 2019, up from its October 2018 projection for 3.1% growth, reports SeeNews. 

Bulgaria's gross domestic product is then expected to rise by a real 3.0% in 2020, the IMF said in the latest edition of its World Economic Outlook (WEO) report.

The Organization for Economic Co-operation and Development (OECD) has revised its growth forecasts for the Turkish economy for this year and 2020.

SOFIA (Bulgaria) - The International Monetary Fund (IMF) said on Monday that it expects the Bulgarian economy to grow by a real 3.6% in 2018, down from a growth rate of 3.8% projected in April, reports SeeNews. 

The International Monetary Fund has significantly reduced its medium-term outlook for Greece's economic growth, to 1.2 percent for 2023, while bringing its estimate for next year broadly in line with that of Athens, at 2.4 percent, in the latest update of its World Economic Outlook published on Tuesday.

The International Monetary Fund has upwardly revised its short-term forecasts while lowering its medium-term forecasts for Greek growth in its October 2018 World Economic Outlook, which will be published on Tuesday in the context of its annual meeting in Bali, Indonesia this week. Finance Minister Euclid Tsakalotos will also be present at the event.

Fitch has reduced its economic growth forecasts for Turkey and increased its inflation forecast for the country in the wake of a significant loss in the Turkish Lira's value against the greenback in its latest global economic outlook.

The Organization for Economic Cooperation and Development (OECD) has revised up its estimate for Turkey’s economic growth in its global economic outlook.