The World Bank is looking more optimistically at Bulgaria’s economic prospects and has revised its growth expectations for 2016. It now predicts 2.2 percent GDP growth for the year, which is 0.2 percent better than previously expected.
“The western part of Europe and Central Asia (ECA) region, which includes Bulgaria, Romania, Turkey, and the Western Balkans, should grow moderately in 2016, buoyed by recovery in the Euro Area,” wrote the World Bank said in the Global Economic Prospects report January 2016. The World Bank forecasts GDP growth of 2.7 percent for Bulgaria in both 2017 and 2018
