Financial and business news from Bulgaria

Our economy will fully recover by 2023.

Our economy will fully recover by 2023. This shows data from UniCredit Bulbank's latest macroeconomic analysis for Central and Eastern Europe.
The analysis underlines that uncertainty remains high, as the recovery of the economy depends on the epidemic situation and the impact of the upcoming parliamentary elections.

Economists do not expect significant economic growth to be achieved by the end of the first half of this year, but in the second GDP will accelerate due to the vaccination process and normalisation of consumption.

For this year, an economic growth of 2.6% is expected after the fall of 4.2 per cent last year.

For 2022, the forecast for acceleration of the economy is 4.4% growth. Reaching full employment the economy is unlikely to be achieved before the end of 2023, UniCredit Bulbank points out. (24 hours)