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Romania's 2017 GDP growth speeds up to 7% - flash data

Romania's 2017 GDP growth speeds up to 7% - flash data Romania GDP, budget

BUCHAREST (Romania), February 14 (SeeNews) - Romania's economy expanded by 7% year-on-year in 2017 compared to a 4.8% growth in the previous year, flash data from the country's statistical board, INS, showed on Wednesday.

In the fourth quarter alone Romania's economic growth slowed down to an annual 6.9% from 8.8% in the third quarter, INS unadjusted data data showed.

INS said it has revised the second quarter of 2017 results to 1.7% quarterly growth from 2%. Also, quarterly growth for the third quarter of 2017 has been revised to 2.4% from 2.6%.

Last month, French credit insurance agency Coface said Romania's GDP is expected to expand by 4.5% in 2018, following an estimated growth of 6.0% in 2017.

(1 euro=4.6495 lei)

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