The International Monetary Fund (IMF) has revised its estimates for Romania's economic growth to 1% for this year, down from 1.6% forecast in April and 3.3% indicated in October last year.
According to the latest World Economic Outlook (WEO) report, this forecast is more positive than the 0.6% official projection by the state forecasting body, CNP.
The IMF expects gradual economic consolidation, but sluggish fiscal consolidation in Romania.
Author's summary: IMF forecasts moderate growth for Romania's economy.