The National Prognosis Commission (CNP) has revised upwards, to 2.8 per cent, its estimate on Romania’s GDP growth this year, as part of its medium-term 2014-2018 winter prognosis posted on the institution’s website.
The CNP’s autumn prognosis had forecast an economic growth of 2.5 per cent. The GDP growth in 2014 is estimated at 2.9 per cent, 0.3 percentage points higher than in the autumn forecast.
In what concerns nominal GDP, the CNP estimates a value of RON 709.7 bln this year and of RON 674.3 bln in 2014.
The medium-term 2014-2018 winter forecast sees an economic growth of 3 per cent in 2016, 3.3 per cent in 2017 and 3.5 per cent in 2018.
According to the data published by the National Statistics Institute on February 13, in 2014 the GDOP grew by 2.9 per cent year-on-year in real terms, while in Q4 of 2014 the GDP grew by 0.5 per cent quarter-on-quarter.
The budget for 2015 is based on an economic growth of 2.5 per cent and the GDP is estimated at RON 709.618 bln.
The IMF recently showed that the Romanian economy will grow by 2.7 per cent this year.