Romania: Recovery Depends on External Factors

Politics ♦ Published: October 4, 2013; 23:02 ♦ (Vindobona)

Thanks to foreign demand and foreign investors, Romania´s economy accelerates. However, domestic demand is still the country´s weak point.

Romania: Recovery Depends on External Factors / Picture: ©

Romania´s economic performance is rather mixed. In the first half year, Romania´s GDP growth rate came at 0.3%. This is mainly due to the rebound in net exports. However, domestic consumption does not stop weakening. What is more, due to the high inflation, real income was negative for the first time since 2001. With the interest cut last week, Romania´s National Bank (NBR) intends…

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