‘A series of positive indicators at the beginning of this year, such as the industrial production, exports, retail or services offered to companies, signalled the fact that the economy will increase over the first quarter faster than the initial estimates’ a report of the Austrial group shows.
The analysts of the bank estimate an advance of the GDP of 3% for Romania this year, after a growth of 3.5% last year. The growth would be slight over the next years from 3.3% in 2015 and 3.5% in 2016 the report shows.
The GDP was placed at approximately 140 billion euro in 2008.
The most recent survey of EU shows ‘ the hesitations of the consumers’ in Romania, while an indicator of trust in investments among managers in the manufacturing sector is, at the same time, fragile enough, the bank analysts show.
The following survey, programmed for the end of April,could clarify if significant alterations happen.
At the same time, the government could continue to show a more pronounced tendency to social expenditure, while the investments could come back on a positive territory only if the entries of European funds continue to grow and some public projects of investments already announced be launched.
The growth of inflation over the second part of the year and an agricultural production under expectations are economic risks which condition one another, the bank analysts show.
The unfavourable basic effect and the increase of prices of fuel, quickly sent at the level of the end consumer could limit the private consumption, while a worsening of the weather conditions could deprive the households in the rural environment from an important part of the incomes. (source: actmedia.eu)