Romania’s state forecasting body (CNSP) affirmed the economic growth forecast for 2023 at 2.8%, issued under the spring version.

But it expects consumption (+3% y/y compared to 2.5% under the Spring Forecast scenario) to play a more important role while the gross fix capital formation would grow by only 6.8% y/y compared to more bullish expectations (Resilience Facility) under the Spring Forecast. 

For 2024 it reduced the forecast from 4.8% to 4.2% to reflect “expectations of modest growth of the trading partners in the Eurozone,” according to the summer version of the Medium Term Forecast 2023-2027. 

iulian@romania-insider.com

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