wiiw Forecast Reports

ROMANIA: EU funds help to weather the storm


Gabor Hunya

in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 125-128

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Economic growth in Romania was among the most rapid in the EU in 2022, driven by household consumption and accumulation of inventories. However, future prospects are overshadowed by declining real wages and tightening fiscal policy. Still, with 2.2% growth in 2023, Romania will grow faster than most regional peers. The inflow of foreign direct investment (FDI) and EU funds will strengthen Romania’s chances of balancing the fiscal and current account deficits and will maintain its ability to invest. The country’s relatively modest dependence on energy imports from Russia also limits its vulnerability.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Romania