"Economic Policy Review" BulletinISSN 1313 - 0544
Profile of Recession and Recovery
Despite the recovery over the past two years, the Bulgarian economy has not yet reached its levels prior the crisis, measured as real GDP at constant prices. If we use the above-mentioned definition of depression, the Bulgarian economy remains in a depression for 12 quarters or 36 months. Slowing growth in recent quarters and the dangers of entering in to a new recession are already visible... Reaching pre-crisis levels at the time remains wishful thinking.