Recessions

Industrial producer prices up 10.4 pct YoY this May

Industrial producer prices (domestic market and foreign market) were 10.4 percent up in May 2021 compared to the year-ago period, and 2.0 percent up from the previous month, shows data released on Friday by the National Institute of Statistics (INS). The industrial price index for the domestic market rose 1.42 percent compared to April 2021, and 10.41 percent YoY.

CFA Romania analysts anticipate budget deficit of 6.4 pct of GDP in 2021

Financial analysts anticipate this year's budget deficit will be 6.4 percent of GDP and the inflation rate over a 12-month time horizon, respectively June 2022 - June 2021, to be 3.75 percent, Romania's chartered financial analysts association CFA Romania said in a release. At the same time, none of the survey participants predicts a decrease in the inflation rate in the next 12 months.

Bulgarian Economy Shows Upward Development Trend – 2,5 Percent Growth in Q1 2021

Bulgaria's economy grew by 2.5 per cent in the first quarter of 2021, the National Statistical Institute (NSI) said in a flash estimate on May 18. In real terms, gross domestic product (GDP) in Bulgaria in January-March was 26.44 billion leva, or 13.52 billion euro.

Brussels upgrades Slovenia’s GDP forecast for 2021 to 4.9%

Brussels – The European Commission has upgraded Slovenia’s GDP growth forecast for this year by 0.2 of a percentage point to 4.9%, while downgrading it to 5.1% for 2022, by 0.1 of a point from its previous, winter outlook. Recovery is expected to be driven by domestic demand and by investment, which will fuel demand for imports.

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