Romanian Economic Monitor economists revise GDP growth forecast down to 1.8% in 2024

Romania's GDP will grow only 1.8% in 2024, according to economists of the Faculty of Economic Sciences and Business Management of Babeș-Bolyai University in Cluj-Napoca, which runs the Romanian Economic Monitor (RoEM) research project. The figure is lower than the initial forecast of 3%, despite the positive trends recorded in the first half of the year - the increase in domestic demand, mainly stimulated by the real increase in the population's income, as well as the gradual reduction of inflation.

The flash estimate of the National Institute of Statistics published in September said that Romania's GDP registered an increase of 0.8% in the second quarter compared to the first quarter. This followed the 0.5% increase in the first three months of the year.