Romania's economy recorded a 7 percent advance in 2017 as compared to the previous year, and in its last quarter, y-o-y, the advance of the Gross Domestic Product slowed down to 6.9 percent (as raw series), from 8.8 percent in Q3, according to data of the National Institute of Statistics (INS) released on Wednesday.As compared to Q3, 2017, in the last three months of the year Romania's economy increased by 0.6 percent.
"In 2017, the Gross Domestic Product went up, y-o-y, by 7.0 percent. The GDP in Q4, 2017 was, in real terms, by 0.6 percent higher than in Q3, 2017. As compared to the same quarter of 2016, the GDP recorded a 6.9 percent rise as raw series and by 7.0 percent as series seasonally adjusted," the INS press release specifies.
The World Bank has recently announced that it expects Romania to report a 6.4 percent rise of the GDP in 2017 as compared to the 4.4 percent forecasted in June.
The International Monetary Fund has also revised from 4.2 percent to 5.5 percent the estimates regarding the evolution of the Romanian economy in 2017, in the "World Economic Outlook" report, released on 10 October.