According to the latest World Economic Outlook,
\nthe International Monetary Fund has revised its forecast concerning the growth
\nof the Romanian economy up from 4.4% to 5.1%, which means Romania is expected
\nto have the second-highest growth rate in Europe this year. The IMF has also
\nrevised up to nearly 5% its inflation rate forecast, one percentage point
\nhigher than the estimates of last October. The report also says that consumer
\nprices are expected to grow at a slower pace next year, when the IMF expects a
\nslackening in the GDP increase of up to 3.5%. The Fund has also revised its
\nforecast on the current account deficit in Romania up by nearly one percentage
\npoint compared with previous estimates. This year and the next, the
\nunemployment rate is estimated to stand at 4.6%. <\/p>\n
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In another development, a Deloitte Romania
\nsurvey warns that fiscal instability is the biggest threat to business. That is
\nthe reason why financial managers in Romania say they focus more on
\nconsolidating their companies rather than on expanding them. The survey looks
\nat various aspects such economic prospects, the business environment, financial
\nforecasts and digitalisation. Most financial managers foresee that, although
\neconomic growth will continue, the inflation rate and financing costs will also
\ngo up. Almost 60% of managers in Romania believe that
\nfiscal instability is the main threat to business and so they are willing to
\ntake fewer chances. Zeno Caprariu, a manager with Deloitte Romania, explains:<\/p>\n
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Investors are still content with Romania
\nbecause if they hadn’t been, they would have left. However, as the survey
\nshows, they have reservations about the future. This is an alarm signal because
\nthese reservations may later lead to their leaving the country, cutting down on
\ntheir activity or relocating it. A clearer fiscal and more substantial
\nenvironment with fewer taxes is desirable.<\/p>\n
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Overall, Europe will this year see a 2.7%
\neconomic growth rate, while emerging Europe, which also includes Romania,
\nwill see a 4.3% increase in the GDP in 2018, as the IMF estimates in its World
\nEconomic Outlook.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The IMF estimates that Romanias economy will grow faster than previously estimated.<\/p>\n","protected":false},"author":107,"featured_media":49023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[28903,33053],"coauthors":[],"class_list":["post-75073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-imf","tag-world-economic-outlook"],"acf":[],"yoast_head":"\n