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Romania : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Romania

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

May 25, 2017

Electronic Access:

Free Full text (PDF file size is 3404 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Romania strengthened its economy considerably after the global financial crisis. Growth has been solid and unemployment low. Public debt and fiscal and current account imbalances are moderate compared to many emerging markets. Notwithstanding this progress, significant challenges remain and the momentum of progress in policies has waned. Income convergence with the EU has slowed and poverty is among the highest in the EU. Successive tax cuts and wage increases in excess of productivity gains have supported consumption, but investment remains weak. A reorientation of policies to prioritize investment will more sustainably achieve the authorities’ objective of bringing more Romanians into the middle class.

Series:

Country Report No. 17/133

English

Publication Date:

May 25, 2017

ISBN/ISSN:

9781484301579/1934-7685

Stock No:

1ROUEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

80