The International Monetary Fund (IMF) has revised upwards from 4.2% to 5.5% its estimate on Romania’s economic growth this year, according to IMF’s latest "World Economic Outlook".

IMF has also improved its estimate on Romania’s GDP growth from 3.4% to 4.4% for 2018.

Romania and Iceland will record this year's highest economic growth rates in Europe, namely 5.5%. Overall, Europe will see an economic growth of 2.5%, and Emerging Europe, including Romania, will have a GDP growth of 4.5% this year.

Consumer prices in Romania are expected to go up by 1.1% this year compared to 2016, according to IMF. Prices will grow by 3.3% next year. The IMF has also revised the current account deficit in Romania to 3% in 2017 and 2.9% in 2018.

The unemployment rate will amount to 5.3% this year, compared to the previous estimate of 5.4%. It will reach 5.2% next year, similar to the level estimated in IMF’s previous report.

Romania’s Q2 economic growth revised upwards to 6.1%

editor@romania-insider.com