IMF Staff Country Reports

Romania: 2023 Article IV Consultation-Press Release; and Staff Report; IMF Country Report No. 23/395

Publication Date:

December 8, 2023

Electronic Access:

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Summary:

Romania has weathered the economic shocks from the pandemic, Russia’s war in Ukraine, and the resulting surges in energy and food prices relatively well. Growth has slowed down but is expected to remain fairly robust in 2023 and 2024, supported by investment. Inflation remains notably above target but has been declining steadily through 2023. Fiscal deficits remain too large, although the authorities adopted a fiscal package to limit spending and raise additional revenues.

Series:

Country Report No. 2023/395

Subject:

Fiscal consolidation Fiscal policy Government debt management Inflation International organization Labor Monetary policy Prices Public financial management (PFM) Revenue administration Wages

Frequency:

regular