IMF improves Romania’s economic growth forecast for 2017 to 5.5 pct

Georgeta Gheorghe 10/10/2017 | 18:07

The International Monetary Fund has improved Romania’s economic growth for 2017, from 4.2 percent to 5.5 percent. The IMF’s report World Economic Outlook was published on Tuesday. 

The IMF has also improved the economic growth forecast for 2018, to 4.4 percent, from 3.4 percent, as it had estimated in April.

According to the report, Romania  and Iceland will record this year the biggest growth in Europe, of 5.5 percent. Overall, Europe will record an economic growth of 2.5 percent and the emerging economies, Romania included, will record a 4.5 percent growth.

The growth perspectives were also improved in the case of Turkey, Russia and other countries in the region. Overall, the growth will reach 4.5 percent in 2017, up from 3 percent and to 3.5 percent in 2018, from 3.3 percent in April, the report shows.

In what regards the evolution of consumer prices in Romania this year, the forecasts of the international financial institution were revised downwards, up to a 1.1 percent growth from a 1.3 percent growth, as it was estimated in April. Consumer prices will accelerate their growth in 2018 up to 3.3 percent, over the 3.1 percent previously recorded by the IMF.

The IMF also amended the forecast on the current account deficit recorded by Romania to minus 3 percent in 2017, from 2.8 percent and to 2.9 percent in 2018, from 2.5 percent in April.

The IMF slightly revised downwards the forecasts on the unemployment rate, to 5.3 percent from 5.4 percent as estimated previously. The April forecast for 2018 was maintained at 2.5 percent.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Georgeta Gheorghe | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue