wiiw Forecast Reports
ROMANIA: EU-financed investments cushioning the slowdown
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in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 100-103
Economic growth will slow to 3% in 2023, from close to 5% the previous year. Domestic demand will be eroded by high inflation and sluggish wage growth. The dynamic expansion of investments financed mainly by EU programmes and FDI will continue. Fiscal and current account deficits will contract, but will remain elevated – which will constitute a moderate risk. The improved international position of Romania in economic, political and military aspects supports its long-term economic development.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania