Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The European Commission predicts slowdown in Bulgaria's economic growth

Photo: Archive

Economic growth in Bulgaria is expected to slow down in 2023, according to the autumn economic forecast of the European Commission.

After the good performance in 2022, exports will shrink this year due to reduced external demand. The imports for 2023 will also shrink sharply after their significant increase a year ago. The forecast foresees a temporary stagnation of domestic consumption at the end of this year and the beginning of 2024, after which moderate growth is expected. 

Inflation is expected to slow down further, albeit at a slower pace. 

GDP growth is likely to be 2 percent in 2023. Output growth is expected to slow to 1.8 percent in 2024 and reach 2.6 percent in 2025. 

After the deficit dropped to 2.9 % of the country's GDP in 2022, it is expected to rise slightly to 3% in 2023.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The euro is a guarantee of stability, says Minister of Economy Petar Dilov

The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..

published on 6/7/25 11:03 AM

IME: June 3 is the day when taxpayers start working for themselves

According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..

published on 6/3/25 1:47 PM

Economy Minister Dilov: Bulgaria’s accession to the euro area will have a positive impact on the economy, people and business

“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..

published on 5/26/25 12:02 PM