UniCredit’s pessimistic scenario points to an economic growth of only 3.4% in the coming year, but economists expect an increase in public investments.
„The economic growth is fundamental because the budget entailed, in the last two years, expenses that cannot be covered on lack of a high economic growth able to fuel the consolidated budget which, in turn, can cope with wage hikes and tax cuts,” the UniCredit analysis, cited by Ziarul Financiar, also shows.
The World Bank expects the Romanian economy to slow down its growth pace in 2017, forecasting a growth of 3.8% next year (following an advance of 5.1% in 2016) and of only 3.4% in 2018.