Analysts estimate 4.9%-6.2% economic growth in fourth quarter

Experts questioned by Business Standard say that last year’s economic growth could amount to 5.3-5.9 percent, lower than estimates by the National Commission for Prognosis (CNP), of 6.1 percent. Actual growth will be announced on 4 March by the National Institute of Statistics (INS).

UniCredit Tiriac bank’s Senior Economist Rozalia Pal, says that GDP growth in Q4 could amount to 5.3 percent, due to lower consumption.
ING Bank’s Senior Economist, Nicolaie Alexandru-Chidesciuc, is more optimistic and foresees higher economic growth, compared to previous quarters - 6 percent for Q1, 5.6 percent for Q2, and 5.7 percent for Q3. “The data is more optimistic than market expectations, but a revival in consumption and net exports is possible, due to the depreciation of the leu,” he said.