EC Cuts Romania’s 2017 GDP Growth Forecast To 4.3%

The European Commission (EC) has revised downward its forecast on Romania’s 2017 economic growth by 0.1%, to 4.3% from 4.4%, below the Romanian Government’s projection of 5.2%, and kept its GDP growth forecast of 3.7% for 2018, the Commission said in its spring forecast.

32 views

In February, the EC estimated a growth of 4.4% for Romania’s economy in 2017 and of 3.7% in 2018, according to the EC’s report released in February.

For 2017, the general government deficit is expected to reach 3.5% of GDP, the EC’s report also reads.

The European Bank for Reconstruction and Development (EBRD) has raised by 0.3% its economic growth forecast for Romania, to 4% for 2017, according to its latest Regional Economic Prospects report released on Wednesday. The bank also expects Romania’s economy to grow 3.5% in 2018.

In its latest report on the World Economic Outlook, the International Monetary Fund (IMF) estimated Romania’s economy will increase by 4.2% in 2017 and by 3.4% in 2018.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.