EC: Romania's economy to contract by 6% in 2020; government deficit up to 9.2% of GDP
Publicat:Romania's economy is projected to contract by 6% in 2020 after many years of robust growth, whereas the general government deficit is forecast to increase to around 9.2% of the GDP in 2020, according to the European Economic Forecast - Spring 2020, published by the European Commission (CE) on Wednesday.
For 2021, the EC estimates that Romania's economy will rebound, even if not at the level before the crisis, due to a boost of 4.2%.
Wednesday's European Executive's forecast is more pessimistic than the previous forecasts, from last winter. Then, the EC slightly revised upwards…
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