World Bank slightly revises Romania growth estimate upwards to 2.5 pct in 2014

The World Bank has slightly improved its economic growth forecast for Romania this year to 2.5 percent from 2.2 percent it had anticipated in June 2013, according to the Global Economic Prospects report published by the World Bank on Wednesday.

According to the report, Romania recorded an economic advance put at 2.5 percent.

In 2015, the growth of the Romanian Gross Domestic Product is seen picking up to 2.7 percent (the same as the June projection), and in 2016 it is predicted that the Romanian economy will expand 2.7 percent.

The current account deficit will hit 1.8 percent of GDP in 2014 and 2.5 percent of GDP in 2015, after the World Bank had predicted in June that such expansion will be of 3.6 percent of GDP in 2014 and 3.7 percent of GDP in 2015.

The World Bank estimated a current account deficit at 1.5 percent of GDP in 2013.

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