Romania : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

May 11, 2016

Electronic Access:

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Summary:

This paper discusses recent economic developments, outlook, and risks related to the Romanian economy. Romania made important progress in addressing economic imbalances and restoring growth after the global financial crisis. Prudent policies, partly in the context of successive IMF-supported programs, reduced vulnerabilities, and the fiscal and current account deficits improved markedly. However, economic policies have weakened recently and hard-won gains are at risk of being reversed. Governance problems have received more attention recently, and Romania has made progress compared to its peers in the fight against corruption. Staff’s baseline projection is for growth to remain above potential in 2016–17.

Series:

Country Report No. 16/113

Subject:

English

Publication Date:

May 11, 2016

ISBN/ISSN:

9781475554786/1934-7685

Stock No:

1ROMEA2016001

Format:

Paper

Pages:

71

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