Consumer Spending Seen As Main Growth Driver In 2015

04.01.2015 By Florentina Dragu

Domestic consumption is expected to fuel yet another year of growth, and the Romanian economy is expected to advance 2.8% in 2015, after a similar increase in the year before.

The gross domestic product rose 2.8% last year to 666.6 billion lei (EUR150.1 billion), helped by good performances in the industry and the communication sector.

In the fourth quarter, Romania’s GDP grew 0.7% against the previous quarter in seasonally-adjusted data.

Compared with the same period of 2013, the fourth-quarter GDP was up 2.6% in seasonally-adjusted data and 2.7% higher in non-adjusted data.