{
  "title": "Bulgaria: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria",
  "publication": "IMF Staff Country Reports, February 1, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/01/29/bulgaria-2020-article-iv-consultation-press-release-staff-report-and-statement-by-the-50051",
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  "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.",
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    {
      "heading": "Economic impact of COVID-19 and near-term developments",
      "content": "- The economy contracted sharply amid two waves of COVID-19 infections.\n- The government provided sizable policy support.\n- The outlook is very uncertain and the main challenge facing policymakers is to keep adjusting to changing circumstances."
    },
    {
      "heading": "Policy support and priorities",
      "content": "- Authorities' policy response included sizable government policy measures (described as \"sizable policy support\").\n- Policy priority: keep adjusting to changing circumstances amid high uncertainty."
    },
    {
      "heading": "Medium-term issues and recommended focus",
      "content": "- Over the medium term, structural reforms are needed that support inclusive income convergence toward advanced EU partners.\n- Policymakers must pursue reforms mindful of demographic headwinds."
    },
    {
      "heading": "Key subjects and keywords",
      "content": "- Subject: COVID-19, Expenditure, Income, Income inequality, Loans\n- Keywords: authorities' policy response, Bulgarian authorities, CR, ERM II membership, government's policy, ISCR, policy priority\n\n---\n\n Content in this bundle\n\n- 1bgrea2021001\n  - 1bgrea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1bgrea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 1, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513568119.002",
    "The economy contracted sharply amid two waves of COVID-19 infections.",
    "The government provided sizable policy support.",
    "The outlook is very uncertain and the main challenge facing policymakers is to keep adjusting to changing circumstances.",
    "Authorities' policy response included sizable government policy measures (described as \"sizable policy support\").",
    "Policy priority: keep adjusting to changing circumstances amid high uncertainty.",
    "Over the medium term, structural reforms are needed that support inclusive income convergence toward advanced EU partners.",
    "Policymakers must pursue reforms mindful of demographic headwinds.",
    "Subject: COVID-19, Expenditure, Income, Income inequality, Loans",
    "Keywords: authorities' policy response, Bulgarian authorities, CR, ERM II membership, government's policy, ISCR, policy priority",
    "**1bgrea2021001**"
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