Romania’s GDP growth could reach 4.7% in 2019

Romania’s GDP growth will accelerate from 4.2% this year to 4.7% in 2019, according to the spring estimates released by the National Prognosis Commission. The GDP would thus reach about EUR 200 billion in 2019. The economic growth is now driven by consumption but investments should take over as the economy’s growth engine in three years. The increase in investments will advance from 6.6% this year to 7.5% in 2019. Consumption would temper from a growth of 5.7% this year to a 4.4% in 2019. Romania’s current economic growth is higher than the economy’s potential, which is calculated at 2.5-2.6%, said Sergiu Manea, BCR CEO. The advance over potential is called bubble, he added. editor@romania-insider.com