Banca Transilvania expects structural improvements in Romania and 1.7% growth this year

Romania's economy will grow by 1.67% this year while moving towards a more sustainable growth model: a smaller external deficit, higher reliance on investments amid stabilising consumption, and industrial stabilisation, according to a forecast issued by Banca Transilvania, the country's largest financial group, consulted by Cursdeguvernare.ro.

Resilience Facility funds, improved external conditions, and internal factors such as reduced domestic cost pressures, a resilient IT services sector, and a gradual recovery of real incomes are the growth drivers expected to put the economy on a more sustainable upward trajectory.