Romania’s economy will contract significantly in 2020. The political and economic fallout from the Coronavirus (COVID-19) is driving the decline, with the government declaring a state of emergency in March, with subsequent closures of non-essential businesses and social distancing. These measures will stifle domestic activity in 2020. The slowdown in key partners will impact the external performance. Growth of real GDP should bounce back to 4.4% in 2021 and will average around 2.7% per year by 2
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
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