wiiw Forecast Reports

ROMANIA: Modest slowdown, moderate recovery

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Gabor Hunya

in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 110-113

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The Romanian economy weathered the 2020 COVID-19 storm better than many others in the EU. Restrictions were less severe than elsewhere during the winter, and so the full-year contraction of GDP remained below 4%. The recovery in 2021 will not be fast (+3.8%), owing to protracted lockdowns and austerity measures in the government budget. Huge inflows of EU funds could boost investment in the coming years.

 

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

Countries covered: Romania


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