Coface: Romania to have moderate economic growth this year
Romania will record a moderate economic growth of 3.3% this year, according to French credit insurance company Coface.
The average annual inflation will reach 0.3%, and Romania’s public debt will amount to 39% this year.
The decrease in tax evasion will have a positive influence on Romania’s economy. The internal demand will increase this year due to the relaxation of the fiscal policy, including the VAT cut and the lower of social contributions.
The economic sectors dependent on consumption may have performed better this year. However, the companies in the retail sector were among the most affected by insolvencies in 2015. Their share in the total number of insolvent companies amounts to 23%.
editor@romania-insider.com
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