IMF’s forecast shows Romania as Europe’s fastest-growing economy.
Romania’s consumer prices are seen falling 1.5% in 2016 before rising 1.7% in 2017, while unemployment is projected to fall to 6.2% in 2017 from 6.4% this year, according to the report.
The country’s current account deficit is seen increasing to 2.8% of GDP in 2017 from an estimated 2% of GDP in 2016, the IMF said.
In its previous forecast in April, the IMF said it expects Romania’s real GDP growth to reach 4.2% in 2016 and 3.6% in 2017.
The European economy as a whole is expected to grow by 2% in 2016 and by 1.8% in 2017, while the economies in Emerging Europe should grow by 3.3% and 3.1%.
At global level, IMF estimates an economic growth of 3.1% in 2016 and 3.4% in 2017.