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EC says Romania's real GDP set to contract by 6pct in 2020, rebound by 4pct in 2021

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Romania's real Gross Domestic Product (GDP) is set to contract by 6% in 2020, according to the summer 2020 economic forecasts published on Tuesday by the European Commission, a level similar to the one forecast in May.

The contraction is predicted to be followed by a 4% rebound in 2021, down from 4.2% as forecast in May.

Romania's HICP inflation is forecast to average 2.5% over the year as a whole and expected to pick up to an average of 2.8% in 2021, supported by a recovery in demand.

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