Bogov: The projected economic growth of 4.1 percent will not be achieved

Governor Dimitar Bogov announced that the projected economic growth of 4.1 percent will not be realized because of political uncertainty.

“Political uncertainty has a negative impact on the economy, and I hope that this situation will soon be over. Economic agents need certainty and a stable environment to work in. In April we had a projection of 4.1 percent growth for this year and it is now clear that it will not be realized. I’m sure the numbers will be lower”, Bogov said while answering a reporter’s question.

He noted that at present the National Bank operates projections for a couple of weeks, they will soon make a statement on how realistic expectations are for economic growth for this and next year.