Romania: 2023 Article IV Consultation-Press Release; and Staff Report; IMF Country Report No. 23/395

Romania: 2023 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue: Volume 2023 Issue 395
Publication date: December 2023
ISBN: 9798400260810
$20.00
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Topics covered in this book

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Inflation , Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , electricity production , cash budget , growth potential , growth trajectory , budgetary funds , monetary policy effectiveness , fund office , potential GDP , office in Bucharest , liability positions vis-à-vis nonresident , Inflation , Fiscal consolidation , Government debt management , Wages , Europe , Western Europe , Global , Eastern Europe

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Summary

Romania has weathered the economic shocks from the pandemic, Russia’s war in Ukraine, and the resulting surges in energy and food prices relatively well. Growth has slowed down but is expected to remain fairly robust in 2023 and 2024, supported by investment. Inflation remains notably above target but has been declining steadily through 2023. Fiscal deficits remain too large, although the authorities adopted a fiscal package to limit spending and raise additional revenues.

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