BMI: Romania's economy will grow faster than most CEE countries

BMI: Romania’s economy will grow faster than most CEE countries

Newsroom 26/11/2014 | 16:37

Romania’s economic recovery will outperform most regional peers and move onto a firmer footing over the coming quarters according to Business Monitor International (BMI).

BMI also estimates that household consumption will compensate for net exports’ lower contribution to economic growth in the coming years.

While recovering imports and outgoing profit repatriation will widen the current account deficit, this will not pose a threat to the country’s ongoing recovery.

The National Bank of Romania (NBR) is likely to cut the policy rate to at least 3.00 percent by year-end, in an attempt to boost inflation and stave of excessive leu strength.

Romania’s government are likely to ease up on the pace of fiscal austerity in 2014 and 2015, but will remain within EU budget and public debt targets.