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IMF Forecasts Weaker Economic Growth For Romania
The International Monetary Fund (IMF) has downgraded its growth projections for the Romanian economy this year. The latest “World Economic Outlook” report from the IMF revises the estimate from 3.8% in October to 2.8%
According to the IMF’s new forecasts, after an advance of 2.1% last year, the economy will grow to 2.8% this year, accelerating to 3.6% in 2025. In October, the IMF estimated an advance of 3, 8% of Romania’s GDP in 2024.
Regarding inflation, the IMF forecasts that Romania will register an average annual increase of 6% this year and 4% next year, from 10.4% in 2023. In October, the IMF estimated an average annual increase in inflation of 5.8% in 2024.
Also, the IMF expects Romania’s current account deficit to remain at 7.1% of GDP in 2024, similar to the level forecast in October and to that of 2023. For 2025, the international financial institution predicts a slight reduction, to 6, 8% of GDP, of the current account deficit.
As for the unemployment rate, the IMF estimates a level of 5.6% in 2024, similar to that of 2023, and at 5.4% in 2025.
The forecasts were published on the occasion of the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB), which take place between April 15 and 20, in Washington.