Economy

Kristalina Georgieva: Omicron could Slow Down the Pace of Global Economic Recovery

The spread of the Omicron variant of the coronavirus could lead to a slowdown in the recovery of the world economy, said today the managing director of the International Monetary Fund (IMF) Kristalina Georgieva, quoted by Reuters.

Georgieva speaks at the online forum "Reuters Next"

Electricity and gasoline are eating away household grocery expenses

The great pressures that family budgets have begun to receive from the significant price increases in energy products and fuels have begun to be reflected in the receipts of supermarkets.

Although the fast-moving commodity market (FMCGs) recorded a 2% increase in revenue in November, sales fell in November, according to a Nielsen IQ survey.

OECD cuts world growth forecast, warns of Omicron threat

The Organization for Economic Co-operation and Development (OECD) has revised up its 2021 growth forecast for Turkey by 0.6 percentage points to 9 percent.

"In the absence of further shocks, GDP growth is projected to be 9 percent in 2021 before easing to 3.3 percent in 2022 and 3.9 percent in 2023," the OECD said in its Economic Outlook report released on Dec. 1.

Bulgaria’s Caretaker Government offers the minimum Wage to become BGN 710

We propose to introduce in the next budget an increase in the minimum wage and it will become BGN 710, said today in the Council of Ministers the Minister of Finance Valeri Belchev.

Over 750 thousand people in our country work on the minimum wage. They now receive BGN 650, which, according to Belchev, are extremely insufficient to support a household.

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