Romania’s economy will grow by 5.1% in 2021 and by 4.9% in 2022, after an advance of 3.8% this year and 4% next year was estimated in February, according to the economic forecasts from the spring of 2021, published on Wednesday by the European Commission (EC).

The unemployment rate is estimated at 5.2% in 2021 and 4.8% in 2022, from a level of 5% last year.

Inflation in Romania will be, according to EC forecasts, at 2.9% in 2021 and 2.7% in 2022, compared to 2.3% in 2020.

Also, the budget deficit will be reduced to 8% of GDP this year and 7.1% of GDP next year, from a level of 9.2% of GDP last year, while the current account deficit will be will stand at 4.9% of GDP in 2021 and 4.6% of GDP in 2022, from 5% of GDP in 2020, according to Agerpres.

The European Commission expects the share of public debt in GDP to reach 49.7% this year and 52.7% next year, from 47.3% last year.