We've cut our 2024 GDP growth forecast for Romania to 1.3%, due to historical data revisions. Although domestic demand remains solid, the economy's weak supply-side has been unable to keep pace, resulting in a large drag from net trade. With these dynamics unlikely to unwind in the near-term, we expect annual GDP growth to slow this year. The carryover effects from recent revisions mean we have also downgraded our 2025 growth forecast by 0.1ppt to 3.1%.