wiiw Forecast Reports

BULGARIA: Economy heading towards a slow recovery amidst continuing political unrest

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Rumen Dobrinsky

in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 48-51

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Political turmoil in Bulgaria continues for a third consecutive month, with daily protests demanding the resignation of the government. The negative economic shock of the COVID-19 pandemic was most pronounced in the second quarter, and its intensity has now subsided. In response, the authorities launched two packages of fiscal support measures. For 2020 as a whole, GDP should decline by some 5%, while a gradual recovery is expected over the following two years.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Bulgaria


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