wiiw Current Analyses and Forecasts
Romania: Sobered optimism
in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 87-90
In Romania, economic growth came almost to a halt in 2012. The recovery of agricultural production
under normal weather conditions can in itself generate the forecasted 1.5% GDP growth in 2013.
Bank deleveraging, bad debts and corporate insolvency will remain a drag on the economy. Fiscal
expansion plans have been halted by the IMF. New taxes and tariffs will prolong the period of rela-
tively strong inflation.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania, SEE