Romania ranks third in Europe on the economic growth chart

Romania ranks third in Europe in terms of economic growth for the first quarter. The analysts from the Economist Intelligence Unit forecasts that, over the year, the country will have a GDP growth of 2.4%. The growth will not stall even over the next three years, when it is expected to reach nearly four percent.

Good agricultural production and increase exports to countries outside the European Union could help the economy grow in 2013 by 2.4%, according to the Economist Intelligence Unit analysis. Over the same period, the Eurozone is likely to experience a decrease of 0.5%, while the EU would decline by 0.3%.

For the period 2014 - 2017, British analysts expect an increase of nearly 4 percent for our country, while the Eurozone and the European Union the growth rate will be 1.1 and, respectively, 1.3 percent. According to British analysts, the improved absorption of EU funds will contribute to infrastructure investment, which in turn would increase the long-term export potential.

The analysis shows that inflation will decrease gradually next year, reaching 2.7% in late 2017. INS latest data show that in June there will be a prices increase of 5.37 percent.