Changing drivers of the economic recovery in Romania

Romania’s economic recovery in the previous year occurred on the back of higher exports, whereas the growth attained so far in 2014 could be attributed to both the higher exports and improvement in industrial production. In the future, however, GDP is expected to grow as a result of investments in sustainable development projects, sustained increases in industrial production and higher domestic consumption. As regards the increase in domestic consumption, it will be partially driven by increases in the minimum wages which already took place in January 2014 and are expected to happen once again in January 2015.

Source: Wall Street Journal, Romania-Insider