IMF will lower its economic growth estimate for Romania

The International Monetary Fund (IMF) will lower its economic growth estimate for Romania for this year to 4-4.5% from the current level of 5.1%, according to the IMF’s resident representative for Romania and Bulgaria, quoted by Romania-Insider.com.

The 5.1% estimate was based on data available in March this year while the new estimate, which will be released in October, will reflect the most recent indicators that show a deceleration of the Romanian economy, Hajdenberg said at Fondul Proprietatea’s annual investor conference, local Wall-street.ro reported.

The Romanian Government adopted this week a positive budget amendment which is based on an official economic growth estimate of 5.5% for this year. However, some analysts believe this level is unrealistic.

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