Question

Some experts have predicted that Romania's economy will__??

Answer 1

Answer:

The correct answer is C. Some experts have predicted that Romania's economy will improve in the short term.

Explanation:

Since 2002 there have been in Romania years of successful economic growth which has been estimated to be 4.5% per year, which has grown to more than 5% in 2005. Since 2003, wage increases have exceeded the inflation rate, which was around 1.2% per month, but subsequently decreased. In 2005, inflation dropped to 7.8% per year and was estimated to decline also for 2006. Real estate prices are also increasing.

Romania was invited to join the European Union in December 1999, the date on which negotiations began. It entered the EU on January 2007 together with Bulgaria.

The strengths of the Romanian economy vary from region to region. The capital and largest cities in southern and western regions have a per capita GDP, with values ​​approximately double or above the country average. This is a significant economic difference between urban and rural areas.

According to data from the Romanian National Institute of Statistics, in 2019 GDP grew by 4.7% on an annual basis, while the unemployment rate was 4%.