wiiw Forecast Reports
BULGARIA: A weak government struggles with mounting challenges
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 49-52
Bulgaria is facing numerous challenges, on account of its chronic economic problems and the shocks resulting from the war in Ukraine. The diversity of the new government is in itself a source of weakness and is constraining its policy course. The recovery that was under way before the Russian invasion of Ukraine has come to a halt. The delays over approval of the National Recovery and Resilience Plan will mean a reduction in the transfer of EU funds in 2022. GDP is expected to grow by some 2% in 2022, and a moderate upturn is expected in 2023.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria