World Bank anticipates a 2.5 percent economic growth this year for Romania

World Bank has revised its initial estimation on Romania’s economic progress, setting a target of 2.5 percent growth in 2014, according to the Global Economic Prospects report published yesterday. In June 2013, the financial institution anticipated a lower increase, of 2.2 percent, however, the advance recorded over the past year, which exceeded expectations, determined a revision of the original forecast (there was anticipated a 1.6 percent growth in 2013, then 2.2 percent improvement this year, and 3 percent in 2015, respectively).

Also, within the following year, Romania’s GDP is expected to increase by 2.7 percent, followed by a similar economic growth in 2016. Thus, the estimations for the coming years are less optimistic compared with the last year’s report which indicated a higher advance in 2015.

Romania’s economy has seen a significant, yet unexpected improvement in 2013 when the agriculture sector boomed, corroborated by an increase in exports, which also lead to an important diminishing of the trade deficit.

May 09, 2022 21:20
Dentons assisted BRD – Groupe Société Générale and Raiffeisen Bank Roman...more »
April 04, 2022 16:25
Dentons assisted a consortium of four domestic and international banks —Raif...more »
 
April 04, 2022 16:23
Wolf Theiss acted as legal advisor to Raiffeisen Bank in relation to a EUR 325...more »
April 01, 2022 09:04
Fondul Proprietatea welcomes the approval of the initiation of the listin...more »
Govnet Next Events