Economic forecasting

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.

Germany’s central bank significantly lifted its growth forecasts for Europe’s top economy in 2017 and 2018 on Dec. 15, but warned the momentum would slow in the following years due to labor shortages.

The OECD has further doused hopes regarding Greek growth this year, forecasting an expansion of 1.1 percent, and stresses the need to implement reforms and for the national debt to be lightened.

The International Monetary Fund will be "mistaken again" in its growth forecasts for Turkey, a top Turkish official has stated, after the IMF recently revised down its growth outlook for the country due to political uncertainty, security concerns and the loss in the lira's value.