Oxford Economics is forecasting a 0.1% growth of Romania’s economy this year, after the previous estimates, which included a 1% contraction. Yet, the main growth factor, the exports, are vulnerable, according to the financial analysts.

"The exports keep being the main growth factor (...) but Romania remains thus vulnerable if the EU demand drops.", shows an analysis of Oxford Economics.

Oxford Economics notes that, although the economic growth will keep being weak in Romania this year, fiscal consolidation is fundamental to ensure a strong economic recovery.

The institution is forecasting an economic growth of only 0.1% this year in Romania, mainly due to exports (plus 7%) and to the industrial production (5.2%). IMF and the Government are anticipating a real GDP growth of 1.5%.

But next year looks much better for Romania according to Oxford Economics, with a  4.8% GDP growth, after the recovery of the private and public consumption, of the investments and the maintenance of the positive performances of the exports and industry.