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

BNB calls on the state to pursue conservative financial policy

The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports..

published on 10/16/25 11:28 AM

Bulgaria’s Minister of Finance proposes that December 31 and January 2 be declared non-working days due to euro changeover

For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..

published on 10/10/25 10:30 AM

Climate disasters have "eaten up" 1% of the Bulgarian economy in 2025

Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..

published on 10/9/25 1:10 PM