Bulgaria: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria

Bulgaria: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria
ISBN-10
1513568116
ISBN-13
9781513568119
Series
Bulgaria
Category
Business & Economics
Pages
65
Language
English
Published
2021-02-01
Publisher
International Monetary Fund
Author
International Monetary Fund. European Dept.

Description

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjusting to changing circumstances. Over the medium term, structural reforms are needed that support inclusive income convergence toward advanced EU partners against demographic headwinds.

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