EC improves the growth forecast of the Romanian economy to 7.4% this year from 5.1%

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Romania’s economy will grow by 7.4% in 2021 and 4.9% in 2022, after an advance of 5.1% this year and 4.9% next year is estimated in May, according to the interim forecasts for the summer of 2021, released by the European Commission on Wednesday.

It is the highest estimated economic growth for an EU member state. Romania is followed by Ireland, with a forecast increase of 7.2%.

The economy is expected to expand by 4.8% in 2021 and 4.5% in 2022 across the European Union.

Inflation in Romania will stand, according to EC forecasts, at 3.2% in 2021 and 2.9% in 2022, after an estimated level of 2.9% in May this year and 2.7% next year . In the European Union, the inflation rate is expected to be 2.2% in 2021 and 1.6% in 2022.

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