Romania hopes to surmount virus’s expected second wave

Significance

Government measures to support workers and companies seem to have worked. With closer state-corporate dialogue established, surveys and some data give grounds for measured optimism that the economy will bounce back later this year, following an expected second-quarter GDP contraction of around 15%.

Impacts

• Digital tax collection and fiscal administration will expand to include more payments systems.
• Domestic production of PPE and medical supplies has increased significantly.
• Public investment and state support in the economy will gain ground.