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

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