wiiw Forecast Reports
ROMANIA: Investments and consumption fuel growth
|Hardcopy||€||5||add to cart|
In all likelihood, expanding private consumption and a recovery in investments will lead to an acceleration in economic growth in the order of 3.4% in 2015. VAT cuts and wage rises in the public sector may further accelerate consumption growth in 2016, yet trigger an increase in the foreign trade deficit. On average, consumer prices are stable; unemployment is hovering just below 7%, while signs of structural labour shortages are emerging.
Countries covered: Romania, SEE