The International Monetary Fund (IMF) has improved upwards the growth forecast for Romania from 3.8% to 4.2% in 2017, according to the new ‘World Economic Outlook’ issued on Tuesday, ahead of the spring meeting. Romania is to register the second highest economic growth in Europe this year, behind Iceland (5.7%). On the whole, Europe will register 2% growth, while emerging Europe (including Romania) will register a 3% growth.
The IMF has also slightly improved the estimates on growth in 2018 to 3.4%.
The consumer prices will grow by 1.3% (down from 1.7%), whereas in 2018 will reach 3.1%, above the 2.5% advance estimated previously.
Estimates regarding the current account deficit are of minus 2.8% in 2017, of minus 2.5% in 2018. Unemployment rate is to fall to 5.4% in 2017 and to 5.2% in 2018.
The IMF delegation in March estimated a budget deficit of 3.7% of the GDP this year and of 3.9% of GDP in 2018, and an economic growth of 4.2% in 2017.