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

Prof. Dimitar Ivanov: Inflation will be the big issue of 2022

Prof. Ivanov
Photo: BGNES

"We will probably see growth of around 4.5% by the end of 2021, but 90% of this growth is due to credits and inflation, which remained underestimated. The percentage of real GDP is low as it grew by just 0.6% in the 2nd and the 3-rd trimester. We are facing a frozen economy." This is how macro-economist Prof. Dimitar Ivanov commented on the economic situation in the country speaking to the Bulgarian National Radio.

According to him, household savings would decline, inflation would melt away the growth of wages and pensions, and consumption would continue to fall. In 2022, inflation will be a far more important issue than the pace of economic growth, Ivanov said. According to him, the government's focus on key reforms is urgent in order to preserve people's purchasing power and stabilize the economy.




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

The Institute for Market Economics calls for budget deficit below 3%

We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR.  In presenting the institute's alternative state budget, the..

published on 11/4/24 11:27 AM

The five largest Indian IT companies already have offices in Bulgaria

Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..

published on 10/31/24 5:48 PM

A Bulgarian-Czech Chamber of Commerce established in Sofia

On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..

published on 10/31/24 1:54 PM