October 7 (SeeNews) - The International Monetary Fund (IMF) said it expects Romania's economic growth to accelerate to 2.2% next year and to 2.5% in 2015.
The IMF sees Romania's annual consumer price index (CPI) climbing by an average 4.5% in 2013, but average annual inflation is expected to then slow down to below 3.0% in the next five years, the fund said in a report.
Details follow:
|
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
Real GDP (annual pct change) |
+2.0 |
+2.2 |
+2.5 |
+2.9 |
+3.4 |
+3.5 |
CPI average (annual pct change) |
+4.5 |
+2.8 |
+2.9 |
+2.7 |
+2.6 |
+2.5 |
CPI end of period (annual pct change) |
+3.3 |
+3.0 |
+2.9 |
+2.7 |
+2.6 |
+2.5 |
Fiscal gap (% of GDP) |
-2.3 |
-2.0 |
-1.8 |
-1.8 |
-1.8 |
-1.8 |
Current account (% of GDP) |
-2.0 |
-2.5 |
-2.7 |
-2.9 |
-3.1 |
-3.4 |
Trade gap (% of GDP) |
-3.9 |
-4.2 |
-4.2 |
-4.3 |
-4.4 |
-4.6 |
The IMF approved in September a new two-year precautionary stand-by arrangement for Romania in the amount of some 2.0 billion euro ($2.7 billion).
($ = 0.7361 euro)