Romania’s economy decreased last year by 3.9 percent compared to 2019, a better result than previous estimates, and in Q4 GDP increased, in real terms, by 5.3 percent compared to Q3, announced the National Institute of Statistics.
In the realization of the budget for 2021, the Government estimates for the current year an increase of 4.3 percent of the economy and a GDP of RON 1.116 billion, increasing by 7 percent.
“Together we managed to recover the economy and have this result. Romania performed in 2020 5 percent better than the initial estimates and on average 2.5 percent better than all estimates published by international institutions, the EC, rating agencies and financial institutions. We don’t stop here. This year is the year of reforms and investments. We are correcting 30 years of procrastination and populism. In this first term, of 4 years, I promise to put the economy on a path of sustainable economic growth and to create an economic environment in which all Romanians have the chance to succeed”, declared the Prime Minister Florin Cîţu.
