Is this the end of the economic boom?


Banking Alert: Is this the end of the economic boom?

IMF and UniCredit revise downwards Romania’s economic growth forecast for 2018 and 2019 in the light of political and fiscal turmoil

Although in April the IMF had estimated one of the largest economic growth rates in Europe for Romania, of 5.7%, recently, the growth rate was forecasted at only 4% for this year and 3.4% for the year to come.

The IMF forecast for consumer prices remained unchanged for 2018, but was revised downwards for 2019, due to a slowdown in price increase. However, predictions were changed for the current account deficit, from 3.7% estimated in April to 3.5% of GDP in 2018 and 3.4% for the next year.

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