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November 26, 2022
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PM Citu invokes EC estimate for a 7.4 pct economic growth in Romania , adds private sector responds positively to measures: We promised, we accomplished

Prime Minister Florin Citu invokes the European Commission’s estimates according to which Romania is expected to record a 7.4 percent economic growth this year, adding that the private sector has responded positively to the measures implemented.

“We promised, we accomplished! The European Commission forecasts an economic growth of 7.4 percent in 2021 for Romania. The highest economic growth in the EU! The private sector has responded positively to the measures implemented so far and is confident that we will keep to all the reforms announced,” the prime minister wrote on Facebook.

He also attached the image of a Twitter post of the European Commission, according to which Romania would register an economic growth of 7.4 percent this year, the highest in the EU.

 

European Commission significantly increases to 7.4pct outlook for Romanian economy in 2021

 

Romania’s economy will grow by 7.4% in 2021 and by 4.9% in 2022, after an advance of 5.1% this year, as estimated in May, and of 4.9% next year, according to the Summer 2021 interim Economic Forecast, published on Wednesday by the European Commission (EC).

The performance of the Romanian economy was solid in the first quarter of 2021. GDP grew at a quarterly rate of 2.8%, supported mainly by private consumption and investment. Conversely, net exports were significantly negative, reflecting weak external demand and supply chain disruptions, according to the EU executive.

Romania’s economy is expected to grow by 7.4% in 2021 and 4.9% in 2022, a higher level than the one estimated in spring, due to stronger-than-expected GDP performance in the first quarter of 2021, reported the European Commission.

 

Via Agerpres

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