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World Bank: Romanian economy expected to advance 4.3% this year

12 January 2022
Economics&Markets
Energynomics

The Romanian economy is expected to grow by 4.3% this year, compared to a 4.5% advance forecast in June 2021, according to the World Bank’s “Global Economic Prospects” report released on Wednesday.

For 2023, the World Bank forecasts a 3.8% expansion of Romania’s GDP, compared to a 3.9% advance forecast in June 2021, while the institution estimates that in 2021 there will be an increase of 6.3%, according to Agerpres.

In the region of Europe and Central Asia, which includes Romania, the World Bank forecasts a 3% growth in the economy this year, and 2.9% next year, while the world economy is expected to advance by 4%. 1% in 2022 and 3.2% in 2023.

The RON accumulated from January to December 30 a depreciation of over 1.6% against the euro compared to the level at the end of 2020, according to CFA Romania. On December 30, the reference quotation announced at noon by the NBR was 4.9486 lei/euro. In comparison, during 2020 the national currency depreciated by about 1.88% against the euro, after in 2019 the leu lost 2.5% against the euro. The financial analysts from CFA Romania estimate the depreciation of the leu up to an average exchange rate of 5.1145 lei/euro in the next 12 months, while the anticipated inflation rate will register an average value of 5.8%. The data collected by the CFA in November show that, for the 6-month horizon, over 91% of the analysts included in the monthly survey anticipate a rate of 5.0517 lei/euro.

 

Autor: Energynomics

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