Bulgaria:2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria
2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria
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Volume/Issue:
Volume 2021
Issue 027
Publication date: February 2021
ISBN: 9781513568119
$18.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Health and Fitness , Economics- Macroeconomics , Public Finance , ISCR , CR , policy priority , authorities' policy response , Bulgarian authorities , ERM II membership , government's policy
Summary
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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