Romania undergone the sharpest deterioration of its 2024 growth outlook among the set of countries covered by the European Bank for Reconstruction and Development (EBRD): -1.8 percentage points (pp) from 3.2% in May to 1.4% in September, according to the Bank’s regional report published on September 26.<\/p>\n
The 1.4% growth rate makes Romania one of the slowest economies in the EBRD region, ahead of only Tunisia and the more developed economies of Czechia, Estonia, and Latvia.\u00a0<\/p>\n
For the whole region covered by the Bank, the economic growth this year is expected at a level twice as high as Romania’s (2.8%).<\/p>\n
A harsh correction was operated by the EBRD on the forecast for Romania’s 2025 growth: from 3.4% to 2.6% \u2013 still inferior to the EBRD region’s 3.5% average. Only the conflict-hit Ukraine and Lebanon, as well as Estonia and Latvia, were subject to revisions of comparable magnitude.\u00a0<\/p>\n
On average, the Bank cut its forecast for the region down by only 0.2pp to 2.8% \u00a0for 2024 and by 0.1pp to 3.5% for 2025.<\/p>\n