romania

In light of the recovery of the Romanian economy presented in 2021, 2022 presents a GDP growth of 4.8%, reflecting the measures taken to combat the impacts caused by the pandemic. Despite this growth, in 2023, the projected GDP is 3.1%. Uncertainty over commodity prices and energy supply related to the war between Russia and Ukraine will have a significant impact on the behaviour of the Romanian economy next year.

Inflation has increased, largely due to the sharp rise in gas, energy and oil prices, but also due to rising food prices, with inflation levels of 13.3% expected in 2022, the highest in recent years. However, the pace of price growth is expected to slow in the coming years, to 11.0% in 2023 and 3.6% in 2024, through a tighter monetary policy.

Source International Monetary Fund OECD: economic report November 2022

Source

International Monetary Fund OECD: economic report November 2022