BUCHAREST (Reuters) – Romania’s economy will show signs of recovery from the impact of the coronavirus outbreak in July-August, Finance Minister Florin Citu told news television channel Digi24 on Monday.
The European Union state, which has suffered 6,633 virus infections and 331 deaths, declared a state of emergency on March 16 and enforced a lockdown in late March.
Analysts expect the coronavirus outbreak to push the budget deficit to 7% this year, and see the economy contracting 4.9% but rebounding in 2021, a Reuters poll showed. The centrist minority government will revise its budget this week and unveil new GDP and budget estimates.
(Reporting by Luiza Ilie)
