World Bank Revises Romania's Economic Growth Forecast

World Bank Revises Romania's Economic Growth Forecast

Business

The World Bank has revised Romania's economic growth forecast for 2024 to 2.1%, down from the 3.8% projected in June. A similar adjustment was made for 2026, with the GDP growth forecast lowered to 2.6% from 3.8%, CE Report quotes Agerpres

Economic growth in Central Europe is expected to gradually recover, reaching 2.8% in 2025 and 3% in 2026, driven by strong private demand. However, slow Eurozone growth is likely to limit export potential in the region.

Investment in Romania and Poland is expected to improve due to structural reforms and the release of EU Recovery and Resilience Facility funds. Romania has unlocked 33% of its allocation, meeting approximately 13% of the required targets.

Despite EU financing, Romania's outlook has been negatively impacted by recent fiscal consolidation measures, contributing to the significant downward revision of growth forecasts.

Tags

Related articles

Bulgarian Tourism Minister Discusses Innovation and Investment in Brussels
During his visit to Brussels on Thursday, Bulgarian Tourism Minister Miroslav Borshosh met with European Commissioner for Startups, Research, and Innovation Ekaterina Zaharieva to discuss investment opportunities in tourism innovation, the Tourism Ministry reported.
Turkish Investors Show Strong Interest in Greece at Business Event in Istanbul
Turkish business owners expressed keen interest in investment opportunities in Greece at a joint event organized by Türkiye's Economy and Trade Association (ETD) and Greece’s investment agency, Enterprise Greece.
Moldova Covers Over Half of Electricity Demand with Imports
On February 5, more than half of Moldova’s electricity consumption was met through imports, with the necessary amount secured via commercial contracts, avoiding emergency supply measures.
Bulgaria's Electrical Exports Decline for First Time in Years
The Bulgarian Association of Electrical Engineering and Electronics (BASEL) has reported a decline in exports for the first time in years, according to preliminary data, BASEL Chair Dimitar Beleliev told BTA.
Greece to Begin Exploratory Drilling for Hydrocarbons in 2025
Greece is set to begin its first exploratory drilling for hydrocarbons in 2025, likely near Crete, Deputy Environment and Energy Minister Alexandra Sdoukou announced at the Athens Energy Summit.
EU Commissioner Highlights Need for Sustainable Shipping
European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, emphasized the importance of balancing economic growth and environmental responsibility in the maritime sector following the release of the European Maritime Report 2025.