EBRD: Romania's economic growth stays at 2.8%

The European Bank for Reconstruction and Development (EBRD) has maintained Romania's economic growth forecast this year at 2.8%, saying that the economy will benefit from lower oil prices, rising investment and improving consumer confidence. "We have maintained the 2.8% forecast on the growth of the largest economy in Southeast Europe, given the context where increasing confidence and investments, as well as the lower oil prices could only be offset by the rising geopolitical tensions and the uncertainties in the euro area", according to the report, cited by local Mediafax. EBRD is more optimistic about Romania's growth than the International Monetary Fund and the European Commission, which estimate an advance of only 2.5% in 2015. The World Bank predicts a 2.9% growth for Romania this year, 0.3% down compared to last year. editor@romania-insider.com