January 9 (SeeNews) - The World Bank said it estimates that Bulgaria has increased its gross domestic product (GDP) by 3.6% in 2019, up from its October forecast for 3.2% growth.
The World Bank has affirmed its forecast for Bulgaria's economic expansion in 2020 and 2021 at 3.0% and 3.1%, respectively, it said in its January 2020 Global Economic Prospects report, published on Wednesday.
The country's GDP is then seen growing by 3.1% in 2022.
Bulgaria's GDP growth is expected to be hampered by the economic slowdown in the euro area which will hit the country's exports, the World Bank said.