The Fund’s team will analyze recent economic and financial developments and upgrade macroeconomic outlooks, according to the Fund’s representatives.
In its latest report, the IMF has recommended a series of fiscal changes to correct the budgetary deficit.
At that time, the IMF said that despite the slowdown, economic growth was expected to remain robust, when expectations were for Romania economy to accelerate. Meanwhile, though, the economy has slowed down and expanded way below expectations.
At the same time, the IMF several months ago foresaw a budgetary gap of around 5% of GDP, but after the first seven months of the year the gap already stands at 4% of GDP.
(English version by Catalina Apostoiu)