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Critical autumn and economic growth at end of 2020 expected

published on 7/3/20 7:55 PM

Photo: shutterstock.com

Bulgaria will probably receive the first EU money to deal with the Covid-19 crisis in October, said Deputy Prime Minister Tomislav Donchev. The most acute phase of the economic crisis for us will be in the autumn. All analysts give contradictory assessments of the nature of the crisis and the decline in the country's GDP.

My expectations are that before the end of the year we will return to economic recovery. Everyone agrees that next year, when we are expected to return to growth, it will be much higher and compensatory, said the Deputy Prime Minister.

In the coming years, in addition to energy efficiency, the focus for Bulgaria will be innovation, said Donchev.

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Radio Bulgaria News economic growth GDP Tomislav Donchev

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