The European Bank for Reconstruction and Development (EBRD) report, entitled “Regional Economic Prospects”, says that if a short-term effect of the COVID-19 epidemic is accepted, economies are expected to shrink by an average of 3.5% worldwide this year, compared to 4.8% in 2021, noting that these forecasts are uncertain due to uncertainty with the development of the crisis.
The Bulgarian economic output is projected to decline by 5.0% of GDP as a result of the economic consequences of the coronavirus pandemic in 2020, but is expected to grow by 4.0% in 2021. For comparison, in 2018 the country’s GDP growth was …read more
Source:: Novinite
