IMF cuts Romania’s 2024 GDP growth f’cast to 2.8%

Romania’s economic growth is expected to accelerate to 3.6% next year, the IMF said in the April 2024 edition of its World Economic Outlook report on Tuesday.

The country's gross domestic product (GDP) grew by 2.1% in 2023, compared to the IMF's October estimate of 2.2%.

Consumer prices in Romania are expected to rise by 6% this year, a slight revision upwards from the 5.8% increase predicted by the global lender in October. In 2025, inflation is projected to slow down to 4%. Romania’s average consumer price inflation was 10.4% in 2023.

Romania's current account deficit is projected at 7.1% of GDP in 2024, unchanged from 2023, before inching down to 6.8% in 2025.

Unemployment is expected to stay at 5.6% in 2024, unchanged from 2023, but 20 basis points higher than the IMF’s October projection. In 2025, unemployment is seen to edge down to 5.4%.