WB revises upwards, to 1.7 pct, the economic growth forecast for Romania in 2013

The World Bank (WB) has revised upwards, from 1.6 in January to 1.7 percent the economic growth estimation for Romania in 2013, shows the ‘Global Economic Prospects' report published by the WB.

According to the abovementioned source, Romania posted last year an economic growth estimated at 0.7 percent. 

In 2014, Romania's GDP would probably grow at a 2.2 percent rate (close to January estimates), while in 2015 Romania's economy is expected to advance 2.7 percent (as against 3 percent in January). 

Romania's current account deficit will reach up to 3.7 percent of the GDP in 2013 and up to 3.6 percent in 2014 and 2015; in January, the WB estimated Romania's current account deficit will reach 4.3 percent of the GDP in 2013, 3.9 percent in 2014 and 3.7 in 2015. In 2012, the current account deficit of Romania as GDP quota was estimated at 3.8. 

On Thursday, the World Bank will also present the results of the ‘EU11 Regular Economic Report', a region that includes the 10 newly entered EU member states and Croatia. 

Adapted from Agerpres


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