For 2013, the firm forecasts an economic growth of 3%. The authorities in Bucharest estimate an increase of 2.2%, supported by agriculture and exports.
“The growth pace will likely slow down to some 2% in 2014, particularly considering a lower contribution from agriculture,” said Melania Hancila, manager at Deloitte Consultanta. “Exports are also expected to slow down next year.”
Romania’s current account deficit is forecast at 1% of the gross domestic product in 2013. In the following years, the current account balance is expected to post surplus of 1% to 2% of GDP, Hancila said.