After six years of continuous growth, the Romanian economy is still going strong. The World Bank predicts a GDP growth of almost 4%, which is below the Finance Minister’s forecast of c. 5%, yet still clearly above western European growth rates. Bucharest is the economic motor of Romania. 10% of Romania’s population live in the capital generating more than 20% of the country’s GDP. Emigration could become an increasing challenge for the local economy and is a trend that can be observed in the entire country. In the past four years, the population of Bucharest shrank by 2.3%.
The World Bank still foresees positive growth for the years ahead, however at a tamer pace.
Source : Christie & Co