For the first time after the economic crisis, all countries in Central and Eastern Europe (CEE) will record real GDP growth this year and the next year, according to a study by UniCredit.

Moreover, the real GDP growth will accelerate compared to last year in all countries, except for Romania, reports local Profit.ro. The country had a strong advance in 2016, but will experience the impact of recent measures to increase spending in the public sector.

The GDP growth will amount to 3% or more in all the CEE countries, said Carlo Vivaldi, head of the CEE Regional Division within UniCredit.

The group estimates a real GDP growth of 3.9% for Romania this year. This is higher than in most countries in the region, but is below the growth expected by the Romanian Government, of 5.2%. It is also below the 4.8% advance recorded last year.

Romania’s economic growth will further slow down to 3.3% in 2018, according to UniCredit.

editor@romania-insider.com