Following 4 consecutive years of economic growth, GDP increased by 4.2% in Q1 2015, one of the highest values in the EU. The growing trend is expected to continue throughout the rest of 2015 when, according to JP Morgan reports, GDP will increase by 4.2%, fuelled mainly by increasing private consumption.The National Bank of Romania decreased the monetary policy rate to 1.75%, the lowest level recorded. The exchange rate remained very stable over the quarter, oscillating between 4.41 and 4.48 RON for €1. Government debt decreased below 38.5% of GDP, the third lowest in the EU, while the estimated government deficit in 2014 was at1.5% of GDP.
