Bulgaria's Economic Outlook Brightens: EC Forecasts Growth and Declining Inflation

Amidst global economic uncertainties, the European Commission offers a cautiously optimistic outlook for Bulgaria, forecasting growth in the country's economy alongside a decrease in inflation. In its winter economic forecast, the EC projects a 2% growth rate for Bulgaria in 2023, highlighting the resilience of the nation's economic activity despite facing various challenges.

The report underscores the impact of weaker demand in foreign markets, coupled with higher interest rates in the Eurozone, as factors influencing Bulgaria's economic landscape....