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World Bank expects slower growth in Romania for next 2 years
Last Updated: 2019-01-10 17:14 | Xinhua
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Romania's economic growth is expected to slow to 3.5 percent this year and 3.1 percent in 2020, down one percentage point from the previous forecast, the World Bank said in its semiannual Global Economic Prospects report published on Wednesday.

The Washington-based bank also downgraded the country's 2018 growth rate to 4.1 percent, a reduction of one percentage point from its June 2018 forecast.

According to the World Bank report, the expansion is expected to ease in 2021, when Romania's economy will see an advance of 2.8 percent.

Central European economies recorded a slower growth in 2018, said the international financial institution, specifying that softening exports and labor shortages restrained growth in Bulgaria, Croatia, and Romania.

In contrast, despite labor shortages in Poland, its economy has accelerated slightly due to strong consumption and investment. Robust domestic demand supported activity in the Western Balkans, except for Montenegro.

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