Romania Predicts 4.5% Growth

The Romanian economy could grow by 4.5% in 2017, former minister of finance Anca Dragu said during a debate on the topic of the 2017 budget, Business Review reported. “In 2017 we had a real growth of 4.3% forecast before the wage increase measures and others discussed in the electoral campaign. We didn’t take these into consideration, because they come with a stimulus on the demand side, on consumption. Over the 4.3%, probably we can see 0.2 – 0.3 percentage points. Somewhere around 4.5% is a reasonable figure,” Dragu said. In 2016 the budget deficit was at 2.4% of GDP, below the 2.8% target, he said.