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

The 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 Business-Review.eu.

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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