Raiffeisen Research Romania analysts have revised up their forecast on Romania’s economic growth in 2017 to 4.9% due to the economic advance recorded in the first quarter of this year.

They previously estimated a 4.2% Gross Domestic Product (GDP) growth in 2017.

The GDP increased by 5.7% in the first three months of this year compared to the same period last year, and by 1.7% over the previous quarter.

The Raiffeisen analysts estimate that the annual inflation rate will follow an upward trend amounting to 1.7% year-on-year in December 2017 and 2.7% in February next year.

“Consumer prices rose by 0.3% in May compared with April, in line with both our expectations and those expressed by analysts in the Bloomberg survey. Annual inflation remained at 0.6%,” according to the Raiffeisen report.

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editor@romania-insider.com