wiiw Forecast Reports

BULGARIA: Moderate recovery continues, despite the political stalemate


Rumen Dobrinsky

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 42-45

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Bulgaria goes to the polls in November for the third time in 2021, after two failed attempts in parliament to form a government. Despite the political impasse, a moderate recovery has been under way, mostly driven by domestic demand. In early autumn, the country was hit by a new and powerful wave of COVID-19 – in large part a consequence of the very low vaccination rate. The short-term outlook has improved slightly and GDP is expected to grow by 3.5% in 2021 as a whole. Growth is expected to remain moderate in the coming years.


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

Countries covered: Bulgaria