wiiw Forecast Reports
ROMANIA: Economic deceleration follows the boom
publication_icon
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 103-106
ROMANIA
Economic growth in Romania is expected to hover around 4% in 2017 and beyond. Household demand will remain the main driver, but investments may also play a bigger role. Rising private sector wages may speed up the growth in household consumption; this constitutes an upside risk to the forecast. The capacity to absorb EU funds and political uncertainty constitute downside risks. Currently the government’s official GDP forecast for 2017–2019 of annual growth above 5% looks unrealistic.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania