Shahmir Khaliq highlights Romania's potential for economic recovery

Shahmir Khaliq, the global head of services at Citi, believes that Romania has the potential for a solid economic recovery. Having previously led Citi România from 2006 to 2010, Khaliq understands the local landscape and sees opportunities for growth despite the current challenges.

Romania is experiencing a temporary slowdown in economic growth, with inflation still above 10% and the currency under pressure. However, Khaliq emphasizes that recovery can be quite solid with proper execution, focusing on key levers.

The outlook for Romania remains optimistic, especially with EU funding projected to exceed 17 billion euros this year. This financial support is crucial as the country navigates its way back to economic growth, which is estimated to be between 2.5-3% from 2027.

The road to recovery will depend on political stability, fiscal consolidation, and a continued momentum of reforms. As inflation reduction begins to support consumption in the second half of the year, the focus on these recovery levers will be essential for Romania's economic future.