Analysis by Region - Emerging Markets - Romania
We've cut our 2024 GDP growth forecast for Romania to 1.9%, from 2.8% last month. This downgrade reflects slower-than-expected growth in Q2. While there's a good chance that the latest GDP reading will be revised up in a future release, and we remain upbeat about the economy's prospects in H2 2024, the weakness in output growth across the first half of this year means we now think it will be a struggle for calendar year growth to accelerate in 2024.
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