{
  "title": "Romania: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania",
  "publication": "IMF Staff Country Reports, May 11, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-2016-article-iv-consultation-press-release-staff-report-informational-annex-and-43889",
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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.",
  "sections": [
    {
      "heading": "Recent economic developments",
      "content": "- Romania made important progress in addressing economic imbalances and restoring growth after the global financial crisis.\n- Prudent policies, partly in the context of successive IMF-supported programs, reduced vulnerabilities.\n- The fiscal and current account deficits improved markedly.\n- Economic policies have weakened recently and hard-won gains are at risk of being reversed.\n- Governance problems have received more attention recently, and Romania has made progress compared to its peers in the fight against corruption."
    },
    {
      "heading": "Outlook and risks",
      "content": "- Staff’s baseline projection is for growth to remain above potential in 2016–17.\n- The report discusses outlook and risks related to the Romanian economy (no additional numeric projection details provided on the page)."
    },
    {
      "heading": "Policy assessment and implications",
      "content": "- Strengthened fiscal and external positions reflect earlier prudent policies and IMF-supported programs.\n- Recent weakening of economic policies poses a risk to the sustainability of improvements.\n- Continued attention to governance and anti-corruption efforts is highlighted as important for maintaining progress.\n\n---\n\n Content in this bundle\n\n- 1. Romania’s Recent Anticorruption Campaign\n  - 1. Romania’s Recent Anticorruption Campaign (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Romania’s Recent Anticorruption Campaign (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 11, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475554786.002",
    "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.",
    "The fiscal and current account deficits improved markedly.",
    "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.",
    "The report discusses outlook and risks related to the Romanian economy (no additional numeric projection details provided on the page).",
    "Strengthened fiscal and external positions reflect earlier prudent policies and IMF-supported programs.",
    "Recent weakening of economic policies poses a risk to the sustainability of improvements.",
    "Continued attention to governance and anti-corruption efforts is highlighted as important for maintaining progress.",
    "**1. Romania’s Recent Anticorruption Campaign**"
  ],
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