BT Analyst: Private Consumption, Main Component Of GDP, To Slow Down Growth At 5% In 2020

01.07.2020 By Ecaterina Craciun

Private consumption, the main component of the gross domestic product (GDP), will be slowing down its annual growth rate, from 7.3% in 2018, to 5.3% in 2019 and 5% in 2020, respectively, amid perspectives of rebalancing the domestic economic policy, stated Andrei Radulescu, macroeconomic analysis director with Banca Transilvania (BT).



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Keywords:
Banca Transilvania
, Andrei Radulescu
, private consumption
, GDP