OECD Economic Outlook, Volume 2021 Issue 2
The global recovery from the COVID-19 pandemic is uneven and becoming imbalanced. The OECD Economic Outlook, Volume 2021 Issue 2, highlights the continued benefits of vaccinations and strong policy support for the global economy, but also points to the risks and policy challenges arising from supply constraints and rising inflation pressures.
This issue includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.
Also available in: French
Romania
After reaching its pre-pandemic level in the first half of 2021, economic activity will temporarily moderate due to the fourth wave of the virus. Over the next two years, GDP growth is projected to remain strong, at about 4.5% in 2022 and 2023, assuming the pandemic is brought back under control. Pent-up demand will sustain private consumption, and investment will surge supported by the absorption of EU funds. Tensions on the labour market will drive wages upwards and keep inflation above the central bank target.
Also available in: French
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