The European Bank for Reconstruction and Development (EBRD) has downgraded its estimates of Romania's economic developments in 2020 as a result of the crisis caused by the coronavirus pandemic, according to the bank's latest Regional Economic Prospects published on Wednesday.
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Linda Van Gelder, the World Bank's director for the Western Balkans, was unequivocal in stating that the coronavirus "is wreaking havoc on lives around the region — taxing health care systems, paralysing economic activity and undermining the wellbeing of people".
Romania's economy is projected to contract by 6% in 2020 after many years of robust growth, whereas the general government deficit is forecast to increase to around 9.2% of the GDP in 2020, according to the European Economic Forecast - Spring 2020, published by the European Commission (CE) on Wednesday.
Heads of State or Government of the EU and the Western Balkans will hold a video meeting to discuss the spread of Covid-19 and misinformation. The meeting is not set to set a date for the start of accession talks with Northern Macedonia and Albania, as it was originally intended, if the meeting had taken place in Zagreb.