World Bank Revises Romania's Economic Growth Forecast

World Bank Revises Romania's Economic Growth Forecast

Business

The World Bank has revised Romania's economic growth forecast for 2024 to 2.1%, down from the 3.8% projected in June. A similar adjustment was made for 2026, with the GDP growth forecast lowered to 2.6% from 3.8%, CE Report quotes Agerpres

Economic growth in Central Europe is expected to gradually recover, reaching 2.8% in 2025 and 3% in 2026, driven by strong private demand. However, slow Eurozone growth is likely to limit export potential in the region.

Investment in Romania and Poland is expected to improve due to structural reforms and the release of EU Recovery and Resilience Facility funds. Romania has unlocked 33% of its allocation, meeting approximately 13% of the required targets.

Despite EU financing, Romania's outlook has been negatively impacted by recent fiscal consolidation measures, contributing to the significant downward revision of growth forecasts.

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