The commissions also kept its GDP growth projections for the next three years: of 5.7% in 2020, to RON1,101 billion, of 5% in 2021 and 2022, to RON1,178.6 billion and RON1,261.5 billion, respectively.
It also kept its yearend inflation forecasts, at 2.8% in 2019, 2.5% in 2020, 2.3% in 2021 and 2.2 in 2022.
The commission revised upwards its forecasts on the average exchange rate, at 4.67 lei to the euro, from 4.62 lei to the euro, for 2019; at 4.62 lei per euro, from 4.60 lei/euro, for 2020; at 4.60 lei against the euro, from 4.58 lei/euro, for 2021; at 4.58 lei to the euro, from 4.56 versus the euro, for 2022.
The trade deficit (the gap between exports and imports) is seen growing to EUR16.9 billion, from nearly EUR16.4 billion, in 2019; to EUR18.865 billion, from EUR18.315 billion, in 2020; to EUR20.86 billion, from EUR20.265 billion, in 2021; to EUR23.045 billion, from EUR22.4 billion, in 2022.