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Romania's 2021 economic growth forecast officially downgraded to 4.3pct

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Romania's for Strategy and Prognosis (CNSP) has slightly downgraded its forecast of the country's 2021 growth to 4.3%, or 1,116.8 billion lei, from its previous estimate of 4.5%, or respectively 1,135.3 billion lei, according to AGERPRES.

In its 2020 - 2024 medium term winter 2021 forecasts, CNSP estimates an increase in private consumption by 3.7% (from a previous 4.6%) and a trade balance of minus 21.4 billion (21.326 billion euros in the autumn forecast).

The average exchange rate this year would be 4.89 lei to euro, as against a previous

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