IMF: Romania to post highest economic growth from Europe in 2016 and 2017

fmiThe International Monetary Fund (IMF) has revised the growth forecast of the Romanian economy for this year to 5 percent increase from 4.2 percent of GDP, which was forecasted in April, according to the newest report “World Economic Outlook”, published on Tuesday by the international financial institution, says

According to the IMF, Romania will register the highest economic growth from Europe this year, followed by Ireland (4.9 percent). Overall, Europe will register an economic growth of 2 percent.

However, the institution says that the Romanian economic growth peak from this year will be followed in 2017 by a  up to 3.8 percent, slightly over the increase of 3.6 percent forecasted in April. The growth of the local economy in 2018 is forecasted at 3.3 percent.


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