The World Bank has revised up to 4.2 percent its estimation regarding the Romanian economy’s advance in 2019, with an increase of 0.6 percent compared to the bank’s June 2019 forecast. The international financial institution expects Romania to report a 3.6 percent GDP growth for 2020 and 3.2 percent for 2021, increasing by 0.3 and 0.1 percentage points respectively compared to the previous forecasts, according to Business-Review.eu.
According to World Bank estimates, Romania’s deficit is expected to remain at 3 percent of GDP this year, and will deepen to 3.6 percent in 2020 and then to 3.5 percent of GDP in 2021. The current account deficit will reach 5.2 percent of GDP in 2019, 5.4 percent in 2020 and 5.6 percent in 2021.
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