wiiw Current Analyses and Forecasts
Romania: Sober optimism
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in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 95-97
In Romania, 2.2% GDP growth in the first quarter of 2013 was driven solely by net exports. Industrial production and exports recovered at a remarkable pace in the first four months of the year, thus justifying a revision of the wiiw GDP forecast to 1.9% for 2013, with a slight downturn in both 2014 and 2015 owing to continuing bad performance in the euro area.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania, SEE