Bulgaria Economic Snapshot

Economic Forecast Summary (June 2023)

June 2023

Economic Outlook - Bulgaria

Growth is projected to slow to 1.9% in 2023 due to global headwinds, including the slowdown in Bulgaria’s main trading partners, but then rebound to 3.2% in 2024. Private consumption growth will slow in line with lower employment growth. The disbursement of EU funds was delayed in 2022, but is expected to catch up to a large extent in 2023. Inflation is expected to moderate in 2023 and in 2024, but there are risks from high wage increases.


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Perspectives economiques - Bulgarie, juin 2023


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Economic Assessment of Bulgaria (4 April 2023)





Economic Forecast Summary (June 2023)

Reform Priorities (April 2021)

Going for Growth 2021 - Bulgaria

The pandemic risks interrupting impressive income convergence and raises the urgency of making growth more inclusive. Addressing long-standing patchy coverage of social benefits and improving provision and efficiency of education and training should become top policy priorities in the recovery.

©Shutterstock/Anton Petrus

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2021 Structural Reform Priorities

  • Social protection: Reducing poverty and social exclusion
  • Education and skills: Increasing skills at all ages
  • Competition and regulation: Enhancing the business environment to facilitate reallocation
  • Governance and legal system: Improving governance for a stronger post-COVID-19 recovery
  • Fiscal framework and infrastructure: Increasing public investment to support growth


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