The economic growth is now driven by consumption but investments should take over as the economy’s growth engine in three years. The increase in investments will advance from 6.6% this year to 7.5% in 2019. Consumption would temper from a growth of 5.7% this year to a 4.4% in 2019.
Romania’s current economic growth is higher than the economy’s potential, which is calculated at 2.5-2.6%, said Sergiu Manea, BCR CEO. The advance over potential is called bubble, he added. (source: Romania-insider.com)