Skip to main content Skip to footer

GDP Surges 2017

Download Report

Economic growth has remained surprisingly robust in the second quarter (close to the 6% handle in year-on-year terms), outpacing all EU member states and raising questions about potential overheating.

 

We believe these concerns are a bit premature as macroeconomic imbalances are still within manageable levels – particularly for a fast-growing emerging economy, though fiscal slippages risks are worth keeping a close eye on.

We also note that there are signs that consumers might be more cautious compared to the 2006-2008 growth spurt. Overall, this looks like a Goldilocks economic backdrop for now, boding well for real estate as well.


5 GDP Surges 2017 250x196

GDP Surges 2017

Download Report
Related Experts

Silviu Pop

Director

Bucharest

Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. As of October 2022, he holds the position of Director for Research for the CEE and Romania. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

View expert