Romania: Growth to Slow Down

Politics ♦ Published: December 28, 2013; 10:21 ♦ (Vindobona)

In 2014, Romania´s GDP growth will only reach 2.0%, Turkish GarantiBank forecasts.

Romania: Growth to Slow Down / Picture: ©

After a GDP growth of 2.4% in 2013, the Romanian economy is expected to decelerate. According to GarantiBank, this is mainly due to the decrease in agricultural production and the slowdown in industrial production. In 2013, the strong increase in industrial production was mainly influenced by the new production line in the automotive industry. “This industrial segment is mainly…