Romania: Staff Report for the 2006 Article IV Consultation

International Monetary Fund

No 2006/168, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2006 Article IV Consultation highlights that macroeconomic results for Romania were not as strong in 2005 compared with 2004 on account of both internal and external factors. Growth slowed to 4.1 percent in 2005, with agricultural output falling as a result of floods, and industrial output growth slowing owing in part to the abolition of global textile quotas. Mixed progress has been made on structural reforms. Large-scale privatization has been successful, the liberalization of the electricity and gas markets has continued, and the national reference price for heating has increased.

Keywords: ISCR; CR; government; policy; deficit; rate; widening current account deficit; macroeconomic objective; headline policy interest rate; policy mix; envisaged policy mix; Exchange rates; Wage adjustments; Credit; Global (search for similar items in EconPapers)
Pages: 74
Date: 2006-05-09
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Citations: View citations in EconPapers (23)

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