Tuesday, March 28, 2017

Romania economy poised to grow 4% in 2017 and 2018


Japan Credit Rating Agency (JCRA) on Monday said it has affirmed the outlook on Romania's long-term government debt in foreign currency and local currency to BBB/BBB+ stable. 

The ratings are primarily supported by the country’s solid growth prospect, improving external position and a low level of government debt, JCRA said in a press release. 

The agency also said that Romania's economy will grow by about 4% annually in 2017 and 2018, with sustained growth to be led by domestic demand with a moderate acceleration of inflation.

I haven't talked about Romania in a while but the economy is one of the fastest growing in Europe. I am playing this via the closed end fund Fondul Proprietatea.

If you want to know more about this fund which sells at a 28% discount to net asset value read the article I wrote about Fondul Proprietatea back in 2015.

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