wiiw Current Analyses and Forecasts

Romania: Sobered optimism


Gabor Hunya

in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 87-90

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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