Summer forecast 2021-2025 - Provisions and possible influences

The summer forecast updates a limited number of indicators based on the new macroeconomic conditions highlighted in the first half of this year. The favorable medical situation allowed the significant  lift of restrictions, with a positive impact on activity in industry and services, thus leading to an upward revision of the dynamics of the economy for 2021 by two percentage points. Previously, in the spring forecast, a prudent economic growth of 5% was estimated for 2021, given the prolonged state of alert in the first months and the mention of certain restrictions to limit the spread of the virus, the objective of the macroeconomic level being to recover the decrease in the year 2020, creating the premises for a sustainable economic growth.

Features accounted in sustaining the short term newly estimations::