We have lowered our 2025 GDP growth forecast for Romania by 0.1ppt to 1.2% to reflect minor downside historical revisions. We continue to expect growth to pick up to 2.5% in 2026. Though we anticipate that economic momentum will gradually build over the coming years, a substantial tightening of fiscal policy, softer growth in consumer spending, weak external demand, and elevated trade policy uncertainty are likely to prevent a stronger recovery from taking hold.
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