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January 17, 2022
ECONOMY FINANCE&BANKING

PM Grindeanu: IMF has improved estimations; I maintain that Romanian economy will grow 5.2pct in 2017

The International Monetary Fund (IMF) has improved its estimations for 2017 regarding the Romanian economy, Prime Minister Sorin Grindeanu maintains, pointing out that he keeps his opinion that this year the Romanian economy will register a 5.2 percent growth.

“The IMF has improved its estimations for 2017 regarding the Romanian economy. The estimated unemployment rate dropped from 6.2 percent to 5.4 percent. The economic growth estimation increases from 3.8 percent to 4.2 percent. Furthermore, including after the discussions with the Finance Ministry and the Prognosis Commission, I keep my opinion that the Romanian economy will register this year a 5.2 percent growth,” Prime Minister Grindeanu wrote on Facebook on Tuesday.

According to him, the Government has committed to support the business environment of Romania.

“The Government has committed to support the business environment of Romania and we will take all measures in this respect. Moreover, the economic growth must be also seen in Romanians’ incomes,” the chief of Government also said.

The International Monetary Fund has revised upwards, from 3.8 percent to 4.2 percent, the estimations on Romania’s economy growth this year, according to the latest “World Economic Outlook,” released by the financial institution on Tuesday before the spring meeting.

In addition, the IMF has also slightly improved its estimations concerning the growth pace of Romania’s economy in 2018, to 3.4 percent, from 3.3 percent estimated last autumn.

According to the document referring to the world economic outlook, Romania will register this year the second highest economic growth in Europe, being surpassed only by Iceland (5.7 percent). Overall, Europe will register a 2 percent economic growth, and emerging Europe, a region also including Romania, will register a 3 percent advance in the GDP.

According to the IMF’s “World Economic Outlook,” the economic prospects for emerging Europe are relatively favourable, except for Turkey, with a 3 percent estimated growth in 2017, which will improve to 3.3 percent in 2018, for the entire group.

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