Romania Growth to Remain Above 3%
Romania Growth to Remain Above 3%

Romania Growth to Remain Above 3%

Romania Growth to Remain Above 3%

Romania has made significant progress in balancing its macroeconomic figures and in consolidating  public finances, but there’s a risk that the fiscal easing might bring a deterioration of the government’s fiscal perspective, says the annual report of the rating’s agency Moody’s Investors Service, Business Review reported. “The strong points of Romania’s credit are represented by the moderate level of the public debt burden and the improvement of the institutional framework, based on the continuation of the EU integration process. Other strong points are the favorable perspectives on the medium term and the country’s economic competitiveness,” said Simon Griffin, vice-president of Moody’s and co-author of the report. For the next two years, Moody’s expects an average growth of Romania’s economy almost at 3-4% annually. This year the GDP would accelerate to 4.8% as a result of the solid fiscal stimulus and then reach a more sustainable rhythm, of 3.7% in 2017 and 3.3% in 2018.


Short URL : https://goo.gl/OBFVkn
  1. https://goo.gl/gdJBWI
  • https://goo.gl/d50PdN
  • https://goo.gl/2VI1Zz
  • https://goo.gl/Yu6Dxh
  • https://goo.gl/5H18Sw

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Fitch Upgrades India’s Growth Forecast to 7.8%
US multinational Fitch Ratings on Friday raised India’s GDP...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Add new comment

Read our comment policy before posting your viewpoints