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Real GDP growth in Romania 2020-2021, by scenario

According to the double-hit scenario, in the eventuality that there would be a second COVID-19 outbreak at the end of 2020, Romania's GDP was anticipated to decrease by 8.6 percent. According to the single-hit scenario, an increase of 4.7 percent was forecast for the year 2021.

Forecast real gross domestic product (GDP) growth rate due to the coronavirus (COVID-19) in Romania in 2020 and 2021, by scenario

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Source

Release date

November 2020

Region

Romania

Survey time period

June 2020

Supplementary notes

* The source specified the following information:
"Given the unusual level of uncertainty caused by the Covid-19 pandemic, the Economic Outlook presents two scenarios for each country and economy – one scenario in which a second outbreak occurs in most economies towards the end of this year (double-hit scenario) and an alternative scenario where the second outbreak is avoided (single-hit scenario)."

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