The European Commission confirmed its economic forecast about the Bulgarian economy. According to its projections, Bulgaria’s economy will grow with 3.3% in 2019 and with 3.4% in 2020. The growth rate is expected to slow down in the second half of the year due to worse external conjuncture. The positive trends in the disposable incomes will help this country maintain the dynamics of private consumption. The stable profits, suitable financial conditions and economic expectations of the local economy will encourage investments. Increased consumer confidence can encourage private spending, the forecasts also show. In the first five months of 2019 inflation accelerated due to the higher prices of fuels and foods and will continue to grow after the increase of the prices of electricity, the report further reads. Inflation is expected to slow down to 2.4% in 2019 and 1.7% in 2020.