Recently, the International Monetary Fund (IMF) has revised upwards its economic growth forecast for Romania to 4.8%, from a previous projection of 3.5% in summer.
Therefore, the Romanian Government’s GDP (gross domestic product) growth forecast of +3.5% for 2022 becomes one of the most pessimistic projections.
The upward revisions of international institutions come after Romania’s economic growth in the first half of 2022 beat financial analysts’ expectations. In early September 2022, Romania’s statistics board INS reconfirmed the country’s economic growth at 5.8% both in unadjusted data and in seasonally adjusted data for the first half of 2022 as compared with the same period in 2021.