The International Monetary Fund (IMF) is projecting Romania's real Gross Domestic Product (GDP) to advance 2 per cent in 2013 and 2.2 per cent in 2014, according to its October 2013 World Economic Outlook released on Tuesday.
Both estimates were upwardly adjusted from this spring's projections of 1.6-per cent rise in the 2013 GDP and 2-per cent in 2014.
The IMF also slightly downwardly adjusted its projected developments in consumer prices in Romania, to 4.5 per cent in 2013 and 2.8 per cent in 2014, down from this spring's estimates of 4.6 per cent and 2.9 per cent, respectively.
The Executive Board of the International Monetary Fund (IMF) on September 27 approved a new 24-month Stand-By Arrangement (SBA) in an amount equivalent to SDR 1.75 billion (about 1.98 billion euros). IMF argued back then that Romania's real GDP has yet to return to its pre-crisis level, the economy is still vulnerable to external shocks, including volatile capital flows, and the reform agenda remains unfinished. AGERPRES