The IMF report also shows Romania’s economy is expected to grow 3.4% in 2019, which translates into a decrease of 0.1 percentage points compared with the IMF’s forecast in April.
In April 2018, the IMF had estimated that Malta and Romania would have the largest economic growth rates in Europe in 2018, of 5.7% and 5.1%, respectively.
“Romania’s economy had a robust 6.9 percent growth in 2017 following fiscal stimuli and a solid external demand. The growth will slow down to 4 percent in 2018 and continue to decrease to 3.4 percent in 2019, as the stimuli become more moderate,” the report shows.
In its current report, the IMF keeps its forecast on Malta, but significantly moderates its forecast on Romania which falls to the fifth spot in Europe, after Malta, Ireland (4.7%), Slovenia (4.5%) and Poland (4.4%).
Increases similar with Romania’s are expected in Luxembourg, Cyprus, Hungary and Serbia.