The World Bank: "the Romanian economy will grow by 1.7% in 2013"

The World Bank expects the Romanian economy will grow by 1.7 percent this year, slightly above the presented estimation six months ago.

For 2014, the World Bank maintains its growth forecast to 2.2 percent.

Forecast for economic growth in our country is based on agriculture, industry, energy production and exports, economists say.

Although the estimated growth for this year is 1.7%, Romania has the potential-it is believed by Cătălin Pauna, senior economist at the World Bank.

"I would not rule out higher growth of 1.7% this year. This is the basic scenario and it is affected by the fact that we'll probably have, on the whole, a recession in the euro area this year, but I think the chances are and many people predicted that in the second half of the year and towards the end of the year in the euro area is starting to change the trend, "said Catalin Pauna.

Last year, the average economic growth in the countries of the EU 15 was below one percent this year, and economists expect the same value, but the countries outside the euro area have seen better progress than those in the EU, such as: France, Spain, Italy or Portugal.

The year 2013 is a year that comes with many challenges, but experts say if the external environment is improving, economic growth next year from EU 11 countries can be doubled .

They must focus on structural reforms on attracting EU funds and on public administration reform.



Traanslated by
Denisse-Meda Bucura