IMF revises upwards Romania’s economic growth forecast

Romania will have the second-highest economic growth rate in Europe this year, after Malta, according to the International Monetary Fund’s spring forecast. The IMF expects the Romanian economy to increase by 5.1% this year, up from a previous estimation of 4.4%. The IMF has improved its economic growth forecast for all of Europe, from 2.2% to 2.7%. However, the IMF expects the growth rate for Romania’s economy to slow down to 3.5% in 2019. The financial institution’s analysts have also increased their estimates on Romania’s inflation rate and current account deficit this year. IMF recommends fiscal moderation, tighter monetary policy for Romania Report: Economic slowdown & intensified fiscal, political conflicts for Romania Romania’s economic growth for 2017, slightly lower than initially announced editor@romania-insider.com