The European Commission has revised to 4% growth estimates for the growth of the Romanian economy this year, while in May the Community Executive indicated a 3.3% GDP advance.

The European Commission published on Wednesday the economic forecasts for the summer.

For next year, the EC estimates a slight moderation in the advance of the Romanian economy, to 3.7% as compared to 2019. In May, the Community Executive predicted an expansion of 3.1% of gross domestic product in 2020.

The inflation rate in Romania would be 4.2% this year and 3.7% next year, after the May European Commission estimated an inflation rate of 3.6% in 2019 and 3% in 2020, according to Agerpres.