IMF keeps 2.2 % growth forecast for Romania, inflation estimation down

The International Monetary Fund (IMF) foresees a 2.2 percent economic growth for Romania this year, followed by 2.5 percent GDP increase in 2015, according to its most recent World Economic Outlook. The IMF has thus kept its 2.2 percent growth estimation made in fall last year. In 2013, Romania's economy went up by 3.5 percent, one of the highest increases in the EU. The IMF however decreased its inflation estimation for Romania, to 2.2 percent for 2014, compared to 2.8 percent according to estimations last year. “Emerging markets are being challenged by an external environment that is less supportive of growth than during the pre-crisis period. Moreover, internal factors are also pulling growth lower in recent years in many countries. Policymakers must better understand these internal factors to ensure growth resilience regardless of the external backdrop,” according to the IMF. The outlook – chapters 3 and 4 – is here (in pdf in English). editor@romania-insider.com