January 12 (SeeNews) - Bulgaria's gross domestic product (GDP) is expected to increase by 3.8% in 2022, after expanding by an estimated 3.3% last year, the World Bank said, revising upwards its June projection for 2022 by 0.5 percentage points.
The Bulgarian economy is seen growing further by 3.6% in 2023, the global lender said in its January 2022 Global Economic Prospects report published on Tuesday.
In June, the bank said it expects Bulgaria's economic output to grow by 2.6% in 2021.
The GDP increase of the Europe and Central Asia region is forecast at 3% in 2022, following an estimated rise by 5.8% last year, the World Bank said in its report.