Romania: 2021 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2021/190, IMF Staff Country Reports from International Monetary Fund

Abstract: Among EU countries, Romania suffered a relatively shallow recession in the COVID-19 crisis, aided by macroeconomic easing. A strong recovery is projected in 2021. The new government is committed to balance continued pandemic-related support with the start of a medium-term fiscal consolidation trajectory that corrects pre-pandemic excesses, while implementing a range of structural reforms. These efforts, as well as the medium-term recovery, should be bolstered by large Next Generation EU grants.

Keywords: expert fund assistance; General government balance sheet; government effectiveness; monetary policy response; headline inflation; COVID-19; Fiscal stance; Fiscal consolidation; Global (search for similar items in EconPapers)
Pages: 74
Date: 2021-08-27
New Economics Papers: this item is included in nep-isf and nep-mac
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