Inflation: 0.4%

Budget Balance (% GDP): - 3.0

Population: 10.2m

The second-term minority government of the prime minister, António Costa of the
Socialist Party, will find it harder than in its first term to secure parliamentary support
for its legislative agenda, though pandemic-induced solidarity will help for a while. After
a budget surplus in 2019, virus-related spending caused the deficit to balloon and
outlays will be constrained in the coming years. The economic blow from the domestic
lockdown and international-travel bans was substantial, and recovery will be slow.

Romania