The economists of BAS: higher-than-usual inflation and low growth rates expected by 2025
A higher inflation rate compared to the average for the EU member states and a low probability of meeting the Maastricht inflation criterion, on which our accession to the euro area by 2025 depends, predict the researchers from the Economic Research Institute at the Bulgarian Academy of Sciences. Mainly, the reasons for this are caused by external factors - high energy prices and the military conflict in Ukraine but we should not exclude some controversial decisions in the field of economic policy, such as the implementation of measures that do not take into account the real financial capabilities of the country, lack of political consensus on important issues for the country, etc. This is stated in the macroeconomic forecast of the economists of BAS [...]