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

Temperatures will drop, snowfall expected in high places

A cold front will pass through the country overnight and tomorrow from the northwest . Rain will fall in many places in the western regions and the Danube Plain, and will quickly turn to snow in the high fields of western Bulgaria and the Balkan Range...

published on 11/20/24 7:35 PM

56% of Bulgarians want the parliament to elect a cabinet, even at the cost of compromises

56% of Bulgarians prefer the new 51st National Assembly to form a government, even if this is at the cost of compromises, indicate data of a national representative survey conducted by the polling agency "Gallup International" for the "Referendum"..

published on 11/20/24 6:00 PM
Katya Staykova and LI Yue during the signing of the memorandum

Trakia Economic Zone enters into a strategic partnership with a Chinese university

A Memorandum of Cooperation between Cluster Trakia Economic Zone and Shenzhen Polytechnic University (SZPU) was signed in Beijing by Katya Staykova, CEO of Cluster Trakia Economic Zone, and Ms. LI Yue, Vice President of the Chinese higher education..

published on 11/20/24 5:46 PM