Romania Growth to Slow Down

Romania’s economy is set to grow by 3.7% in 2017, by 3.4% in 2018 and by 3.2% in 2019, estimates the World Bank in the report regarding the World Economy Perspectives, Business Review reported. For 2016, the World Bank had forecasted an economic growth of 4.7%, up by 0.7 percentage points compared with the estimation from June 2016. The institution says that the significant economic increase from 2016 was supported by the procyclical measure of VAT cut, but the economic growth will be stable in 2017.