Romania: 2021 Article IV Consultation-Press Release and Staff Report
August 27, 2021
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Among EU countries, Romania suffered a relatively shallow recession in the COVID-19 crisis, aided by macroeconomic easing. A strong recovery is projected in 2021. The new government is committed to balance continued pandemic-related support with the start of a medium-term fiscal consolidation trajectory that corrects pre-pandemic excesses, while implementing a range of structural reforms. These efforts, as well as the medium-term recovery, should be bolstered by large Next Generation EU grants.
Subject: COVID-19, Fiscal consolidation, Fiscal policy, Fiscal stance, Health, International organization, Monetary policy, Public debt, Revenue administration
Keywords: COVID-19, expert fund assistance, Fiscal consolidation, Fiscal stance, General government balance sheet, Global, government effectiveness, headline inflation, monetary policy response
Pages:
74
Volume:
2021
DOI:
Issue:
190
Series:
Country Report No. 2021/190
Stock No:
1ROUEA2021001
ISBN:
9781513594897
ISSN:
1934-7685
