The International Monetary Fund (IMF) has downgraded its growth projections for the Romanian economy this year. The latest “World Economic Outlook” report from the IMF revises the estimate from 3.8% in October to 2.8% According to the IMF’s new forecasts, after an advance of 2.1% last year, the economy will grow to 2.8% this year, accelerating to 3.6% in 2025. In October, the IMF estimated an advance of 3, 8% of Romania’s GDP in 2024. Regarding inflation, the IMF forecasts that Romania will register an average annual increase of 6% this year and 4% next year, from 10.4% in 2023. In October, the IMF estimated an average annual increase in inflation of 5.8% in 2024. Also, the IMF expects Romania’s current account deficit to remain at 7.1% of GDP in 2024, similar to the level forecast in October and to that of 2023. For 2025, the international financial institution predicts a slight reduction, to 6, 8% of GDP, of the current account deficit. As for the unemployment rate, the IMF estimates a level of 5.6% in 2024, similar to that of 2023, and at 5.4% in 2025. The forecasts were published on the occasion of the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB), which take place between April 15 and 20, in Washington.
Almost 70% of the respondents to a recent survey conducted by INSCOP Research on behalf of Funky Citizens would vote for a nationalist party or candidate for president who promotes religious values and supports traditional family values (up from 65.7% in January 2022). Meanwhile, 27.3% said they would...
Over 23,000 nurses who trained in Romania work abroad in ten European countries, according to the Organization for Economic Cooperation and Development (OECD), at the request of Ziarul Financiar. Italy, the United Kingdom, and Belgium have been the most frequently chosen destinations in the last ten years...
Under existing legislation, Romania has pre-emptive rights only for the natural gas already extracted - and not for the natural gas that will be extracted in the future, according to clarifications provided to Ziarul Financiar by the National Administration of State Reserves and Special Issues (ANRSPS)...
Romanian minister of energy Sebastian Burduja announced a detailed report on the negative effects of the Green Deal policies on the Romanian energy sector. Quoting US president Donald Trump, Burduja said a state's democracy depends on its economy and, consequently, on its ability to produce safe, affordable, and abundant energy. "Energy that keeps factories open, […]
Romania's budgetary-structural plan was approved by the ECOFIN Council on January 21, alongside similar plans for 20 other EU member states, minister of investments and European projects Marcel Boloș announced on Facebook. Romania's budget deficit hit 8.6% of GDP in 2024, nearly three times the 3% upper limit, in the fourth year...
Almost 70% of Romanians would vote for a nationalist candidate for the position of president, who promotes religious values and supports the traditional family, reveals an INSCOP survey presented on Tuesday, the percentage being slightly higher than two years ago. However, only 16% would maintain their choice if such a party/candidate were to propose closer […]
