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The risks to the Bulgarian economy remain for 2021

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Bulgaria's negative GDP of -3.9% in 2020 and the expected growth of 4% for the first quarter of 2021 show that the economic recovery is close. But there are challenges that could bring back the recession. Such are the lack of private consumption and investment, stagnation in foreign trade, lack of supplies and components from Asia and Europe, which blocks production. This was stated by Plamen Dimitrov, manager of Coface Bulgaria, during the webinar on the topic: "Is a recession expected in the Bulgarian economy?", BTA reported.

Only 0.88 percent of Bulgaria's population has received both doses of the Covid-19 vaccine according to data until March 17, which further complicates the recovery of the business environment, Dimitrov added.

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