Romania’s economic relaunch will continue to speed up on bumpy roads with an industry production sustained by export demands while internal consumption will remain weak due to restrictive fiscal policies, a Capital Economics analysis reads quoted by Romanian news agency Mediafax.
Capital Economics analysts anticipate that the national central bank will maintain their monetary policy this year and will cut inflation by sustaining the national currency that will drop import costs. Such measures will be short term because it will affect the competitiveness of exports. According to the analysts, Romanian consumers will continue to be most pessimistic in the EU and it will be reflected in retail sales.
