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IMF: Romania’s GDP to grow 1.6pc in 2013, 2pc in 2014. Inflation rate to ease to 3pc in 2014
17.07.2013, 13:55 | Finance-Banks | 1870 views
The IMF expects Romania’s economy to grow 1.6 percent in 2013 and 2 percent in 2014, while the inflation rate is seen hitting 4.5 percent this year and sliding to 3 percent in 2014, informs the IMF country report posted on the website of the international financial institution. Romania’s close trade and financial linkages with other EU countries provide growth opportunities over the medium term, but in view of the recession in the euro area, they also dampen current prospects, reads the IMF report drafted after the latest reviews of the precautionary agreement with Romania. The large capital inflows prior to the crisis would not appear likely to spontaneously resume anytime soon as a source of growth and the absorption of EU funds, although gradually improving, remains low and cannot be counted on to significantly boost growth. Read more on Financiarul.ro
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