ECONOMY FINANCE&BANKING

EBRD: Romania returns to its growth rates before crisis

Romania’s economy is expected to eye an economic growth of 5.3 per cent this year, to slightly decrease next year to 4.2 per cent, according to the most recent forecast published on Tuesday by the European Bank for Reconstruction and Development (EBRD).

Compared with its May forecasts, the EBRD revised upwards its estimates regarding the evolution of the Romanian economy, by 1.3 percentage points for this year, from 4 up to 5.3 per cent, and by 0.7 percentage points for next year, from 3.5 up to 4.2 per cent.

The National Prognosis Commission (CNP) also revised upwards last week estimates for Romania’s economic growth in 2017, to 6.1 per cent from 5.6 per cent, as previously estimated.

Moreover, the International Monetary Fund (IMF) too recently revised upwards its forecast for the growth rate to be recorded by the Romanian economy in 2018, up to 4.4 per cent, compared with the growth of 3.4 per cent estimated in April.

In its turn, the World Bank on October 20 announced the Romanian economy will grow over potential in 2017 and 2018, according to the latest Regional Economic Update, Migration and Mobility in Europe and Central Asia report.

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