Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EU maintains Covid-19 economic forecast for Bulgaria

Photo: Archive

Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission. In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and growth of 6% for 2021. 

Despite the good economic performance at the beginning of the year, the Covid-19 pandemic had a negative impact on the economy, the European Commission notes in relation to Bulgaria. It points to declining private consumption due to the restrictive measures, while reduced revenues, lower capacity utilization and greater uncertainty are limiting investment. 
Exports are also affected by the deteriorating situation abroad, with a revival expected in the second half of 2021.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria: Structure of the future loan for Ukraine should allow the country to use it according to its needs

Bulgaria's Deputy Prime Minister and Minister of Finance Lyudmila Petkova represented Bulgaria at the regular meeting of the Economic and Financial Affairs Council (ECOFIN) in Luxembourg.   Among the topics discussed were the economic..

published on 10/8/24 3:56 PM

Palestine will negotiate with Hamas for releasing the Bulgarian sailors on "Galaxy Leader"

The topic of the release of the two Bulgarian sailors who are hostages of the Houthis will be raised at a meeting in Cairo . This was announced by the newly appointed Palestinian ambassador Nasri Khalil Abu Jaish. The Bulgarian sailors, part of the crew..

published on 10/8/24 2:51 PM

Bulgarian farmers are ready to protest due to the unpaid "Ukrainian aid"

Bulgarian farmers remain ready to protest due to delayed payments under the so-called "Ukrainian aid". The government has paid BGN 200 million (EUR 102 million) of the agreed BGN 325 million (EUR 166 million). Bulgaria’s Minister of Agriculture and..

published on 10/8/24 9:25 AM