WB expects Romania’s GDP to shrink by 5.7% this year

Romania’s GDP will contract by 5.7% this year, and recover by 5.4% next year, shows the World Bank’s Global Economic Prospects report. The updated forecast marks a steep 9.1pp downward revision for this year’s GDP forecast, compared to the last WB projection for Romania dated January. The WB has also revised the projection for Romania’s economy’s dynamics next year, from 3.1% to ...

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