Coface: Lower growth pace outlook, but still positive for Romania’s economy in 2014

Romania’s economic evolution has exceeded expectations in 2013, when it posted a 3.5% growth, and has a positive outlook on 2014, despite the lowering growth pace, according to a country risk study by Coface. The study shows Romania has become one of the leaders of economic re-balance in Europe, with agriculture, industry – especially car making industry via exports – having a significant contribution. Even if Romania will not have the same growth pace as last year, for 2014 the perspectives are positive, according to Coface. Romania is the most reliant on agriculture in the EU, with around a third of the working population active in agriculture, so the country’s economy is tightly linked to the weather. Romania’s agriculture production in 2013 reached EUR 17 billion, and was up by a quarter, representing 5% of the EU’s agricultural production, according to the analysts. The full analysis is here (in English). editor@romania-insider.com