World Bank improves Romania’s economic growth estimates to 2.8 percent this year

Furthermore, in 2016, the GDP will register a 2.9 percent growth.

Back in January, the World Bank’s report indicated a 2.5 percent growth for this year and a 2.7 percent growth for 2015.

“In Hungary and Romania there are clear signs that foreign demand is increasing which will lead to improvements on the labour market and eventually to a recovery of consumption rates. At a regional level, low inflation will allow central banks to maintain monetary policies for economic recovery”, according to the report. (Source: business-review.eu)