In June 2014, the Washington-based institution predicted Romania’s economic growth at 3.2% in 2015 and 2.9% in 2016.
The bank has also revised its estimate for last year’s growth to 2.6%, from 2.7% in October.
According to the Global Economic Prospects report released Wednesday, Romania’s growth will be fueled by domestic demand, aided by improvements of the labor market and increased consumer confidence, and public investments in infrastructure.
The World Bank lowered its growth outlook for the global economy as well, due to weakness in the euro-zone and emerging markets despite lower oil prices.
The global economy is seen expanding 3% this year, up from 2.6% in 2014, but still slower than the previous forecast of 3.4%.