PM Tudose on IMF marking up forecast for Romania: It seems talking to them was good


Prime Minister Mihai Tudose said that the announcement of the Intentional Monetary Fund (IMF) that it was marking up its forecast for Romania’s economic growth from 4.2 percent to 5.5 percent is good news that resulted from the bank talking with Romanian officials, and maybe also after a very strong signal from the Trade Winds 2017 event, where representatives of 100 American companies will come to Romania to do business.

“Good news from the IMF: it seems that the discussion we had with them was good and they revised their forecast for Romania’s economic growth from 4.2 percent to 5.5 percent. Perhaps it was also following a very strong signal – 100 American companies coming to Bucharest, Romania, to do business in Romania with 50 Romanian companies, an event called ‘Trade Winds’, which starts next week,” Tudose said Wednesday at the beginning of a government meeting.

The International Monetary Fund has marked up from 4.2 percent to 5.5 percent its growth estimates for the Romanian economy this year, according to the latest World Economic Outlook published on Tuesday by the IMF.

The IMF also improved its forecast for the pace of growth of Romania’s economy in 2018 to 4.4 percent as against the 3.4-percent forecast released in April.

According to the world economic outlook document, Romania and Iceland will record this year’s the largest economic growth in Europe of 5.5 percent.