Romania’s economy is on a strong path to recovery and is currently the fastest growing European Union economy. The latest estimates show that GDP grew by 3.2% in the third quarter of 2014, surpassing the estimates of Bloomberg’s analysts of 1.4%. According to IMF estimates, Romania’s GDP is expected to grow by 2.4% and 2.5% in 2015 and 2016, respectively. The economic recovery of Romania will exceed the growth rates forecasted for the European Union, as GDP is estimated to increase by 1.7% and 1.9% in 2015 and 2016, respectively.
Source: IMF, Wall Street Journal, Romania – Insider