The bank’s forecast on the 2012 growth is 0.3%.
“The slowdown in the eurozone and a significant drop in agricultural output have had significant dampening effects on Romania’s growth in 2012, resulting in only negligible growth for the year as a whole, according to preliminary estimates,” EBRD said in its latest Regional Economic Prospects report.
However, the bank said fiscal discipline has been broadly maintained in 2012 and Romania continues to have good reserve coverage.
EBRD also lowered its growth estimate on southeastern Europe to 1.5% in 2013, from 1.6% previously.
Romania estimates an economic growth of 1.8% this year, from around 0.7% envisaged for 2012.