European Commission revises downwards to 3.3% the forecast on Romania’s economic growth

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The European Commission has revised downwards to 3.3%, on Tuesday, the economic growth forecast regarding Romania’s economic growth for this year, down from the forecast in January pointing to 3.8% GDP growth.

The European Commission has released on Tuesday the spring economic outlook.

For 2020, the European Commission estimates decrease in growth pace to 3.1%, down from 3.6% in January.

The National Commission for Strategy and Prognosis (CNSP) has maintained on Tuesday the economic growth forecast at 5.5%, however the nominal value of the GDP has been revised upwards to RON 1,031 billion, up against RON 1,022 billion in the Winter Prognosis. The growths for the following years have also remained unchanged: 4.7% in 2020 and 5% in 2021 and 2022.

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