Previously, BCR estimated Romania’s economic growth at 2.2% this year and 2.7% in 2016.
“Low inflation should keep household income in positive territory and retail sales at healthy levels,” BCR said in a research note.
“Investments are likely to make a lukewarm recovery this year, with the caveat that further escalating tensions between Greece and the Eurogroup could hold back foreign investments.”
Last year, Romania’s GDP grew 2.9%, supported by a recovery in household consumption.
For 2014, the European Commission expects a 2.7% growth, while the World Bank estimated a 2.9% increase in GDP.