Recessions

13th evaluation: Positive conclusion – Alarm over uncertainty for inflation

The Commission emphasizes the positive prospects of the economy in its report on the conclusion of the 13th evaluation, while it sees the rise in energy prices as a source of uncertainty. It emphasizes, among other things, that Greece has recovered quickly from the pandemic and the prospects remain strong, although they are subject to high uncertainty.

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: Prices Will Rise More Steeply than Expected - Finance Ministry

The Ministry of Finance has revised its autumn forecast for economic development. According to new estimates, real gross domestic product (GDP) growth will reach 4%, and next year will be heading towards 5% with a forecast of 4.9%. The main reason for accelerating economic growth will be investment, as well as the stabilization of the private sector after the Covid crisis.

Bulgarian Economy Will Recover Slower Compared to Global Levels According to Analysis

Bulgarian economy is expected to grow at a slower pace than the global one, growing by 3.5% in 2021 and by 3.8% in 2022. At the same time, however, the global economy is expected to grow by 5.5% in 2021 and 4.2% in 2022, according to a new analysis by leading commercial credit insurer EH.

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