Romania’s economy grows faster than China’s

Romania recorded a record 7% economic growth in 2017, the National Statistics Institute (INS) announced on Wednesday, February 14.

The growth rate, which was higher even than China’s 6.9% economic growth in 2017, surpasses even the most optimistic scenarios.

Romania’s Prognosis Commission has the highest growth estimation for 2017, namely 6.1%.

In the fourth quarter, the local economy grew by 7% (in seasonally adjusted terms) compared to the same quarter of 2016, according to INS. Compared to the previous quarter, the growth rate was 0.6%.

IMF: Romania’s economy sees increased overheating risk

World Bank: Romania’s economy to grow above potential this year

Romania’s economy accelerates by 8.8% in the third quarter

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