"The GDP will increase by 5.5% this year, due to the tax incentive measures and the improvement of the European economy. The increase in consumption would extend the current account deficit to 3,1 % in 2017 to 2,4 % in 2016. The inflation rate is likely to increase, reflecting excessive domestic demand and mitigate the effects of the reductions in taxes. The National Bank of Romania expects a gradual increase in the inflation rate to 2 percent by the end of 2017", the World Bank report reveals.
For more information, please see the Romanian version of the article, here.
