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Romanian economy expands at 5.9% annual rate
IMF expects economy to expand by 4.2% in 2017
16 August, 17:23
(ANSA) - TRIESTE - Romania's economy grew at a year on year
rate of 5.9% in the second quarter, far exceeding an average
forecast in the region of 4.8-5.1%, the Financial Times
reported. It's the best GDP reading in 12 months.
The economic growth cements Romanian position as central and
eastern Europe's fastest growing country. According to FT,
Romania has been reaping the rewards of a brightening world
economy and increasing investor risk appetite in a country once
considered as the "wild east" of Europe.
The International Monetary Fund expects the Romanian economy to expand by 4.2% this year, helped along by fiscal policy and rising wages for Romanian workers.
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The International Monetary Fund expects the Romanian economy to expand by 4.2% this year, helped along by fiscal policy and rising wages for Romanian workers.
