Romania’s strong growth unlikely to be sustained

Romania's economy has outperformed its peers in Central and Eastern Europe over the past year, but domestic demand looks unsustainably strong and a period of weaker growth will be needed to reduce the large current account deficit. We forecast the economy to grow by 2.3% this year (down from 4.8% in 2022). There is a risk of a more painful adjustment if foreign capital inflows were to dry up. 

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