Page 58 - SE Outlook Regions 2022

General budget balance (% of GDP) -2.1 -2.6 -2.5 -4.6 -9.7 -6.8 -6.0

Public debt (% of GDP) 37.3 35.1 34.7 35.3 47.1 49.3 51.8

Current account balance (% of GDP) -1.6 -3.1 -4.6 -4.9 -5.0 -6.8 -6.3

Official FX reserves (EUR bn) 37.90 37.11 36.80 37.45 42.52 45.83 -

Gross foreign debt (% of GDP) 94.27 97.45 99.84 109.78 126.81 133.5* -

EUR/LC (avg) 4.49 4.57 4.65 4.75 4.84 4.92 -

USD/LC (avg) 4.06 4.05 3.94 4.24 4.24 4.16 -

Source: CNP, INS, BNR, EC

2.9.1 GDP growth

Analysts have revised downwards their estimates for Romania’s
economic growth in 2021 to below 7%, in response to the Q3 flash
GDP estimate issued on November 16.

The government expects 7% economic growth in 2021, followed by a
4.6% advance in 2022. The growth would remain around 5%, according
to the official forecast.

The European Commission sees 5.1-5.2% economic growth in
Romania over the coming two years, according to its November 11
Autumn Forecast.

58 SE Outlook 2022 www.intellinews.com