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August 10, 2022
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IMF experts expect a strong economic recovery in Romania in 2021. PM Citu: IMF confirms that Romania has the highest economic growth in the EU.

Prime Minister Florin Citu informs that the International Monetary Fund “estimates an economic growth in 2021 of 7% (by 3 percentage points above the initial estimates) and a budget deficit of 6.8% (as compared to 7.2 % the initial estimate)”.

“The IMF confirms that Romania has the highest economic growth in the EU. The result of the implemented reforms is beginning to be seen. Romania is moving in the right direction. We estimated that the measures we are taking in this government will lead to the best period for Romania’s economy in the last hundred years. That’s how it will be,” the prime minister wrote on his Facebook page on Friday evening.

According to Citu, “the best period for Romanians is just beginning”.

“I will make sure that there is at least 8 years of government based on Liberal principles. And all the Romanians will benefit from the results of this government,” says the head of the Executive.

 

IMF concluded assessment mission of the Romanian economy: Strong recovery of real GDP of 7 percent is expected for 2021

 

The experts of the International Monetary Fund estimate a strong economic recovery in Romania in 2021, with an advance of the real Gross Domestic Product of 7 percent, specifying, however, that some unexpected negative changes in the evolution of the pandemic might put this forecast at risk, show the conclusions published following the assessment mission of the Romanian economy which took place between May 10 and 28.

“A strong recovery of real GDP of 7 percent is expected for 2021. Romania’s economic recovery seems to be the fastest among EU countries starting in the fourth quarter of 2020. A better agricultural harvest is expected to subsequently support production throughout the year. The main risk for this forecast not to be met is that of unexpected negative changes in the evolution of the pandemic, due to the appearance of new strains of the virus, included, to the lower efficiency of the vaccine or the refusal to get vaccinated,” specifies the release sent by the IMF following the conclusion of the consultations on Article IV.

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