What are the analysts' estimates for Romania's economic growth in 2014?

29 December 2014
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What are the analysts' estimates for Romania's economic growth in 2014?

29 December 2014

The economic analysts estimate a 2.7-2.9% economic growth for 2014, while the official estimates point to 2.8%, and the International Monetary Fund (IMF) to 2.4%.

"This year's economic increase has a much healthier structure, as it was not solely determined by the external demand, and it's a structure that gives confidence that the economic recovery should continue at a steady pace," said Vlad Muscalu, chief economist with ING Bank Romania, quoted by Agerpres newswire.

"The 3.5% economic increase in 2013 was based on exports and final consumption (generated by the agricultural production record), while the economic growth in 2014 had a more generalized structure. This is shown by the significant recovery in private consumption, while maintaining the positive contribution of net exports (although with a significant decrease)," said Catalina Molnar, chief economist with UniCredit Tiriac Bank.

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Diana Mesesan, diana@romania-insider.com

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