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

Bulgarian economy expected to recover at end-2021

Photo: Archive

If there is no second wave of Covid-19, the crisis for the Bulgarian economy will be averagely deep, lasting from 2 to 3 quarters. The annual decline will be from 5 to 7%. The recovery will continue throughout 2021, at the end of which pre-crisis levels will be reached. Real growth will begin in 2022, suggests the Annual Report on Economic Development and Policies of Bulgaria from the Institute for Economic Research at the Bulgarian Academy of Sciences. 

The main conclusion is that until the start of the pandemic the Bulgarian economy was developing steadily, albeit at a modest pace, with a rapid increase in wages and employment, with a stable financial and banking system and lack of macroeconomic imbalances.



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

A yellow and orange code for precipitation has been issued for most of the country

On Wednesday, minimum temperatures in the country will be between 13 and 18°C, with 13°C in Sofia. Lower temperatures are expected in north-western Bulgaria. Rain showers will occur during the day, becoming more intense in the afternoon. Significant..

published on 4/16/24 7:05 PM
MP Nikola Minchev

Nikola Minchev: PM's proposal for cabinet changes is surprising

"It is surprising that a week after the formation of the cabinet, the prime minister is making proposals for changes in its composition, We Continue the Change-Democratic Bulgaria MP Nikola Minchev said with regard to Dimitar Glavchev’s proposal..

published on 4/16/24 6:04 PM

The Ministry of Interior conducts an operation along the country's borders

The Ministry of Interior is conducting an operation along the country's borders. The actions are carried out by personnel from the Border Police, the General Directorate Combating Organized Crime, the National Customs Agency and the National Revenue..

published on 4/16/24 5:22 PM