The International Monetary Fund (IMF) has revised upwards from 3.8% to 4.2% its estimates on Romania’s economic growth year, according to the latest IMF report ‘World Economic Outlook’ published yesterday by the international financial institution.
IMF has also slightly improved the growth rate expected in 2018, from 3.3% to 3.4%.
According to IMF, Romania will record the second highest economic increase in Europe this year, surpassed only by Iceland (5.7%).
Overall, Europe will record an economic growth of 2% whereas the Emerging Europe, a region that also includes Romania, will register a GDP advance of 3%. The economic outlook for Emerging Europe is relatively favorable, except for Turkey, according to the IMF report.
Source: IMF ’World Economic Outlook‘ report.