In its previous forecast, the IMF said it expects Romania’s GDP growth to reach 3.8% in 2017 and 3.3% in 2018.
The Romanian government drafted the 2017 state budget on an economic growth projection of 5.2%, while most of the analysts forecast a GDP growth of 3.5% – 4.5% in 2017.
IMF’s forecast shows Romania as Europe’s second fastest-growing economy, after Iceland (5.7%).
IMF’s 2017 Spring Meetings presenting the World Economic Outlook take place in Washington, D.C. this week.
World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018, while the European economy as a whole is expected to grow by 1.7% in 2017.