In the October edition of the World Economic Outlook, the IMF predicted a 2.5% GDP growth.
However, at the end of its latest review mission to Bucharest, the IMF team had already upped the forecast to 2.7%, noting the growth would be supported by increased domestic consumption due to higher salaries, a lower oil price environment and record low interest rates.
For 2016, the fund estimates Romania’s economic growth will accelerate to 2.9%.
The annual inflation is seen at 1% in 2015, much lower than the 2.9% predicted in the October report. However, the IMF expects the consumer price growth to reach 2.4% in 2016.
The current account will see a deficit of 1.1% of GDP this year, followed by 1.5% of GDP in 2016. Unemployment is seen slightly down, to 6.7%, according to IMF’s latest forecasts.