IMF Staff Country Reports

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

December 8, 2023

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Romania: 2023 Article IV Consultation-Press Release; and Staff Report; IMF Country Report No. 23/395, (USA: International Monetary Fund, 2023) accessed October 15, 2024

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.

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

Keywords: Budgetary funds, Cash budget, Eastern Europe, Electricity production, Europe, Fiscal consolidation, Fund office, Global, Government debt management, Growth potential, Growth trajectory, Inflation, Liability positions vis-à-vis nonresident, Monetary policy effectiveness, Office in Bucharest, Potential GDP, Wages, Western Europe

Publication Details

  • Pages:

    73

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/395

  • Stock No:

    1ROUEA2023001

  • ISBN:

    9798400260810

  • ISSN:

    1934-7685