September 21, 2018

Romanian GDP To Grow 2% This Year

A report from JP Morgan Chase Bank shows that Romanian economy is on its way to wake up from over two years of “hibernation” in 2011. The economy has been aided by growing exports, good reforms and a vital bailout program led by the International Monetary Fund and the EU. JP Morgan estimates Romanian economy will grow by 2% this year, followed by a more accelerated growth of 4% in 2012. Also, there will be a one percentage point increase in exports to 29% of the gross domestic product in 2011, while imports are estimated to follow suit, reaching 34% of GDP. Exports will stimulate local demand via rising labor income, the analysts said.

Source of the news: Mediafax (Read More)

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