ECONOMY FINANCE&BANKING

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

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.

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