The International Monetary Fund (IMF) sees positive Romanian economy outlook for 2018, revised upwards, but the advance slows down in 2019, according to its latest World Economic Outlook.
According to the document on the global economy outlook, Malta and Romania will record the largest economic growth in Europe this year, of 5.7 percent and 5.1 percent, respectively.
On the other hand, in 2019, the IMF expects a significant 3.5 percent slowdown in Romania’s GDP growth.
Overall, Europe will see an economic growth of 2.7 percent in 2018 and 2.3 percent in 2019, and Emerging Europe, including Romania, will record a 4.3 percent GDP growth in 2018 and of 3.7 percent in 2019.
As regards the evolution of consumer prices in Romania this year, the estimates of the international financial institution have been revised upward to 4.7 percent, from 3.3 percent as estimated in October, with the pace of rising prices to drop in 2019 to 3.1 percent.
The IMF also revised its current account deficit outlook for Romania to 3.7 percent of GDP in 2018 (from 2.9 percent of GDP projected in October). For next year, the institution expects the current account deficit to stand at 3.7 percent of GDP.
Moreover, IMF revised downwards the estimates of the unemployment rate in Romania, which is expected to be 4.6 percent this year, compared to 5.2 percent previously estimated.