site.btaWorld Bank Slightly Lowers Estimates for Bulgaria's Economy Growth in 2023

Bulgaria's economy is expected to significantly slow down its growth rate this year (1.4%), in line with the continued cooling of the Eurozone economy. Growth could even be further depressed if Sofia fails to meet key reform milestones under the National Recovery and Resilience Plan, which would lead to further delays in upcoming tranches, according to the World Bank's latest report titled "Fall 2023: Sluggish Growth, Rising Risks", which examines the economic outlook for countries in Europe and Central Asia.