EC foresees 4.5pct growth for Romania’s economy in 2018 and 3.4pct budget deficit of GDP

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The European Commission (EC) kept the forecast regarding the growth of Romania’s economy in 2018 to 4.5% , while for 2019 an advance of 3.9% is expected.

According to the interim economic outlook of the 2018 summer, published by the EU Executive on Thursday, the budget deficit would reach 3.4% of the GDP in 2018, but it would deepen to 3.8% of the GDP in 2019.

The inflation rate would rise to 4.2% this year and slow down to 3.4% next year, while the unemployment rate will be 4.5% in 2018 and 4.4% in 2019.

The current account deficit would reach 3.6% of the GDP in 2018, to reach 3.9% of the GDP in 2019, while the debt will rise to 35.3% of the GDP this year and 36.4% of the GDP in 2019.