Erste Group projects 4.2% GDP growth for Romania’s economy this year

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(The Romania Insider)

Austrian Erste Group expects Romania’s GDP to grow by 4.2% this year – which would fully offset last year’s 3.9% decline.

The forecast is close to the Government’s official projection (4.3%), which in its turn is seen as feasible by both Romania’s National Bank (BNR) and the Fiscal Council. Erste Group, which is active in most of the region’s markets, expressed optimism for the Central and Eastern Europe (CEE) economies in general.

“I am confident about the year 2021. We expect a sharp recovery in the region’s economies this year and with it a change of sign, from minus to plus,” said Bernd Spalt, CEO of Erste Group.

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