“Both the statistics office INS and the Prognosis Commission present an optimistic economic growth version ranging between 4.9% and 5.3% over the next two years, which represents a slowdown (2022 versus 2021), followed by a slower increase in the next two years (2022-2023). We believe the surge in utility prices, the inflation and the recent political crisis bring a new wave of unpredictability, which is extremely harmful even for the labor market. However, the unemployment rate is likely to fall even starting 2021 and 2022, in line with forecasts, because, this way, the effects of the pandemic are “digested””, ZF Raluca Parvu, business manager at BPI Group, a management and HR consulting firm, told Ziarul Financiar.
Parvu also said that it remains to be seen whether Romania will know to protect jobs through a good management of the pandemic, adding no one can tell now the impact of the fourth pandemic wave on the economy and, implicitly, on the labor market.
The average gross salary for 2021 was revised at RON5,520 per month, which means it was revised upwards by 1.9 percentage points, compared with the projection of RON5,422/month in the spring forecast, due to the positive impac¬t of the economic growth which will trigger its increase by 6.9% compared with 2020, according to the conform prognosis commission.
The prognosis commission also expects the monthly average net salary to increase by 7.2% in 2021, up to over RON3,400, and by 7% in 2022, up to over RON3,600.
Also, the prognosis commission sees the average number of employees on the Romanian labor market growing by 1.3% in 2021, up to almost 6.6 million people, and by 2.1% in 2022, up to almost 6.7 million people.