- The South-West Oltenia Region will be this year the champion of economic growth in Romania, with an advance of 3.6pc
This year, the National Prognosis Committee (CNP) estimates that Romania’s economy will grow by 3.3 percent, with rises above this average being expected in the South-East and Centre, 3.5pc, and West and North-West, by 3.4pc, according to estimates on the trend of the main economic and social indicators per regions, published by the CNP.
The South-West Oltenia Region will be this year the champion of economic growth in Romania, with an advance of 3.6pc.
On the other hand, the trend in the mentioned region comes after a year 2014 in which it saw the weakest performance among the eight regions in the country, an economic growth of 1.6pct respectively, well below the advance nationwide, of 2.8pc, and below the best-performing region, North-East, which rose by 3.3pc.
The weakest performances are expected in the North-East, by 3pct, and Bucharest-Ilfov, by 3.1pc, while in the South-Muntenia region a similar advance to the national one is forecast, by 3.3pc.
Industry will contribute the most to the growth of the economy in the South-West Oltenia and Bucharest-Ilfov regions, with a gross added value on the rise by 5pct from 2014, followed by the Centre and Western regions, with advances of 4.6pct and 4.4pc. The lowest performance of industry is forecast, this year, in the North-East region, with a gross added value higher by only 3.5pc than in 2014, below the national average of 4.4pc.
The highest GDP will be recorded this year in Bucharest, that is 171 million lei, followed by the counties of Timis – 31.7 billion lei, Cluj – 31.1 billion lei, and Constanta – 29.1 billion lei.
In contrast, according to the CNP estimates, the lowest GDP is forecast in the counties of Mehedinti – 5.15 billion lei, Covasna – 5.16 billion lei, and Tulcea – 5.7 billion lei.