Bulgaria: Economic growth to be driven by exports, consumption – Convergence Programme

  • GDP to rise by 2.7% in 2021 and accelerate to 3.6% in 2022 before slowing down in 2023
  • Recovery in exports, household consumption to contribute positively to GDP in 2021
  • Upcoming EU recovery plan funds to boost GDP by 3.8% by end of 2026
  • Budget deficit under ESA methodology to reach 5.6% of GDP in 2021, to ease to 2.7% of GDP in 2022

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