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The data comes from the Commission’s autumn economic forecast, cited by Prime Minister Boyko Borissov.
Bulgaria’s economy will return to its pre-pandemic levels only in late 2022, according to data from the European Commission’s autumn economic forecast. Our country’s gross domestic product is expected to decline by 5.1% this year, followed by a 2.6% increase in 2021. A slight decrease in unemployment is expected, from 5.8% this year to 5, 6% in 2021..
On his Facebook account, Prime Minister Boyko Borissov commented on the data from Europe, highlighting that Bulgaria is the only EU country whose deficit will not exceed 3% of Gross Domestic Product in 2020.
“The most affected countries will reach double-digit budget deficits in 2020. These are Spain and Italy. France will also be close to 10%. Four more countries will exceed the European average and will have a deficit of 8%. We expect the deficit of Ireland, Sweden, Hungary, Luxembourg and Bulgaria to remain below 6% of GDP ”, announced the European Commissioner for the Economy Paolo Gentiloni.
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