The International Monetary Fund IMF has revised downwards its forecast on Romania’s economic growth to 2.4% this year, from an increase of 2.8% anticipated in June, according to the recent World Economic Outlook, cited by local Mediafax. For next year, the forecast remained unchanged at 2.5%.

The annual inflation is estimated at 2.5% in December, compared to a projection of 3.5% seen in the previous edition of the report, released in April.

The IMF improved the forecast for the current account deficit, to 1.2% of GDP this year and 1.8% of GDP in 2015. Previous estimations showed a deficit of 1.7% and 2.2% of GDP respectively.

The unemployment rate is expected to drop slightly from 7.3% last year to 7.2% in 2014 and 7.1% in 2015.

Irina Popescu, irina.popescu@romania-insider.com