wiiw Forecast Reports
BULGARIA: Prospects not bright, with political stalemate and fresh snap elections
publication_icon
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. 58-61
Bulgarians are being summoned to the polls again in June, in the fifth snap election since 2021. Growth slowed in 2023 and weak performance has continued in the first months of 2024. Inflation has fallen back thanks to a downturn in the non-core component. GDP growth is expected to be around 2% in 2024 and should remain moderate in the coming years. It is anticipated that the external economic environment will remain unfavourable and that growth will predominantly be driven by domestic demand.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria