IMF expects Romania to have the highest economic growth in Europe in 2016 and 2017

05 October 2016

The International Monetary Fund (IMF) estimates that Romania’s economy will increase by 5% this year and by 3.8% in 2017, according to the World Economic Outlook report published on October 4.

IMF’s forecast shows Romania as Europe’s fastest-growing economy. The European economy as a whole is expected to grow by 2% this year and by 1.8% next year while the economies in Emerging Europe should grow by 3.3% and 3.1%.

At global level, IMF estimates an economic growth of 3.1% in 2016 and 3.4% in 2017.

In the previous World Economic Outlook report released in spring, IMF estimated for Romania a growth of 4.2% in 2016 and 3.6% in 2017.

The new IMF forecast is even more optimistic than the one made by Romania’s National Prognosis Commission, which estimates an advance of 4.8% of the Romanian economy this year.

In the second quarter of this year, Romania’s economy rose by 6% year-on-year, and in the first half the economic growth was 5.2%, according to the National Statistics Institute (INS).

The full IMF World Economic Outlook is available here.

Major bank sees slowdown for Romania’s economy just around the corner

Agriculture & car sector to drive Romania's economy up in next 5 years

Romania's central bank sees no risk of economy overheating for now

editor@romania-insider.com

Normal

IMF expects Romania to have the highest economic growth in Europe in 2016 and 2017

05 October 2016

The International Monetary Fund (IMF) estimates that Romania’s economy will increase by 5% this year and by 3.8% in 2017, according to the World Economic Outlook report published on October 4.

IMF’s forecast shows Romania as Europe’s fastest-growing economy. The European economy as a whole is expected to grow by 2% this year and by 1.8% next year while the economies in Emerging Europe should grow by 3.3% and 3.1%.

At global level, IMF estimates an economic growth of 3.1% in 2016 and 3.4% in 2017.

In the previous World Economic Outlook report released in spring, IMF estimated for Romania a growth of 4.2% in 2016 and 3.6% in 2017.

The new IMF forecast is even more optimistic than the one made by Romania’s National Prognosis Commission, which estimates an advance of 4.8% of the Romanian economy this year.

In the second quarter of this year, Romania’s economy rose by 6% year-on-year, and in the first half the economic growth was 5.2%, according to the National Statistics Institute (INS).

The full IMF World Economic Outlook is available here.

Major bank sees slowdown for Romania’s economy just around the corner

Agriculture & car sector to drive Romania's economy up in next 5 years

Romania's central bank sees no risk of economy overheating for now

editor@romania-insider.com

Normal
 

facebooktwitterlinkedin

1

Romania Insider Free Newsletters