wiiw Forecast Reports

ROMANIA: On the bumpy road to readjustment

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Gabor Hunya

in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 103-106

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Romania’s energy and trade dependence on Russia and Ukraine is relatively modest, but still the energy price shocks and supply-chain disruptions have set back its economic performance. GDP will grow by no more than 2% in 2022, despite the generous inflows of EU funds. Inflation will rise to 9% on average, which will depress household demand. Currency devaluation will be modest, due to the central bank’s interventions on the currency market.

 

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

Countries covered: Romania


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