The World Bank raised its forecast for the growth of Bulgaria's economy in the coming years. According to the international institution, the country's economy will grow 3.9% in 2018 and 4% in 2019.
In the summer of last year, the bank expected GDP to increase by 3.7% in 2018 and 2019. The World Bank believes global economic growth will accelerate to 3.1% in 2018 after the strong 2017. Institution recognizes return on investment, production and trade, and emerging export-based economies have benefited from rising raw material prices. The Bank, however, considers this to be largely a short-term improvement.