For 2015, the IMF kept its GDP growth forecast unchanged at 2.5%.
Romania’s annual inflation is expected to reach 2.5% in December, much lower than 3.5% in the previous edition of IMF’s report, which was released in April. The fund now expects the current account to post a deficit of 1.2% of GDP in 2014, and 1.8% of GDP next year.
The unemployment rate is seen slightly down to 7.2% this year and 7.1% in 2015. In 2013, the jobless rate was at 7.3%.
Romania’s economy is in technical recession after two consecutive quarters when GDP contracted compared to the previous three-month periods. However, the first half GDP is still 2.4% higher than in the same period of 2014.
In 2013, Romania posted the highest economic growth in the European Union, at 3.5%.