The new forecast is due to be published in November.
At the moment, the government’s economic growth forecast for 2023 is 2.8%, which will be revised downwards. In comparison, World Bank’s and International Monetary Fund’s forecasts are now 1.8% and 1.7% for 2023.
The latest revision came from ING Bank, which went from 2.5% to 1.5% with its forecast for Romania’s economic growth.
BCR, the second largest lender in Romania, kept its 2.1% growth forecast, as a result of a better forecast for the agricultural sector for the second half. The largest lender of the country, Banca Transilvania, too, sees Romania’s economy ending the year with 2.1% growth.
(English version by Loredana Fratila-Cristescu)