“Domestic demand is likely to be the main driver, powered by both investment and private consumption, while net exports are still expected to contribute negatively to GDP growth,” the Commission said in its spring forecast report Friday.
In its winter report, the Commission said Romania’s economic growth would accelerate to 2.5% in 2014 after a modest increase of 1.6% this year.
The EU’s executive arm confirmed its forecast for the country’s 2013 growth rate, of 1.6%.
The current account deficit is expected to remain around 4% of the gross domestic product in both 2013 and 2014.
According to the International Monetary Fund’s latest World Economic Outlook report, Romania’s economy will rise 2% in 2014.