wiiw Forecast Reports
BULGARIA: Snap election unlikely to reconcile the deep political rifts
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in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 72-75
The outcome of the early election held on 2 October offers no ready solutions to the political stalemate in Bulgaria. Despite the political turmoil and the war-related shocks, GDP grew by 4.5% in the first half of the year, thanks to robust exports and strong industrial output. However, surging inflation and a large fiscal imbalance remained a serious concern. By mid-year the economic environment had worsened and output had weakened. We expect GDP to grow by 3% in 2022, with a weaker performance of 1.5% in 2023.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Bulgaria