The institution also forecasts that Romania’s economy will increase by 3.4% in 2018 and by 3.2% in 2019.
In Europe and Central Asia, regional growth is projected to pick up to 2.4 percent in 2017 and an average of 2.9 percent in 2018-19, as Russia bounces back and other commodity exporters and Turkey recover, according to the report.
“Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers,” the World Bank said.