wiiw Forecast Reports
ROMANIA: Investments and consumption fuel growth
publication_icon
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 109-112
ROMANIA
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.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania, SEE