The prognosis commission sees the annual average inflation rate reaching 10.1% and the private consumption growing by just 3.1%
In nominal terms, however, the value of the gross domestic product (GDP) in 2022 was increased to RON1,327 billion from RON1,314 billion, in line with data from the spring forecast for 2022-2025.
The current account deficit is projected at 6.9% of GDP for 2022 from 6.7% of GDP envisaged in the commission’s winter forecast.
Private consumption is expected to grow by 3.1% in 2022 compared to 3.8% in the winter forecast, investments are seen increasing by 4.8% (vs. 9.1% in the winter forecast) and the annual average inflation is projected at 10.1% in 2022 (vs. 9.9% in the winter report).
For 2022, the commission also predicts 9.7% higher average gross salary up to RON6,120 and a decreasing unemployment rate down to 5.4%.