The International Monetary Fund (IMF) has revised downwards its estimates for the growth of the Romanian economy in 2024, from 3.8% estimated in October to 2.8%, according to the latest "World Economic Outlook" report, published on Tuesday by the international financial institution.According to new IMF forecasts, after growing by 2.1% in 2023, the economy will grow by 2.8% in 2024 and accelerate to 3.6% in 2025. In October, the IMF estimated a 3.8% advance of Romania's GDP in 2024.The IMF is expecting inflation in Romania to increase by 6% in 2024 and by 4% in 2025. In October, the IMF forecast average annual inflation growth of 5.8% in 2024.The IMF is also expecting Romania's current account deficit to remain at 7.1% of GDP in 2024, similar to its October 2023 forecasts. In 2025, the inflation should slightly decrease to 6.8% of GDP.As far as unemployment is concerned, the IMF estimates it at 5.6% in 2024, similar to that of 2023, and 5.4% in 2025.The forecast was published at an annual meeting of the International Monetary Fund (IMF) and the World Bank (WB), which take place from April 15 to 20 in Washington.
Six months into Donald Trump's second mandate as president of the United States, Romanian citizens are among the most pro-Trump Europeans. Most believe that his presidency is a good thing both for the country and for world peace. According to an opinion poll conducted in 12 European countries by the European Council on Foreign Relations (ECFR), 41% […]
Făgăraș Fest 2025, taking place between July 11-13 in the village of Sebeșu de Sus, Racovița commune, Sibiu County, announced its program on Tuesday, June 24. Activities include open-air music, hikes, guided nature tours, debates, and many more. Festival goers will be able to listen to well-known rock bands such as Subcarpați and Vama, and […]
The Romanian Parliament has elected new leaders for its two chambers following the formation of the new government led by prime minister Ilie Bolojan. Sorin Grindeanu, the interim leader of the Social Democratic Party (PSD), was confirmed as president of the Chamber of Deputies, while Mircea Abrudean of the National Liberal Party (PNL) was elected […]
Former tourism minister Elena Udrea received on Tuesday, June 24, approval for conditional release from the commission at the Târgșor women’s penitentiary, where she is incarcerated, News.ro reported. Next,...
Dr. Mireille Rădoi, General Director of the “Carol I” Central University Library in Bucharest, took part in the 16th edition of the Alba Transilvana Book Fair, held on June 20–22 in Alba Iulia. Organized by the “Lucian Blaga” Alba County Library, the event gathered hundreds of writers, publishers, educators, researchers, and passionate advocates of written […]
Romania ranks 49th in the 2025 edition of the World Competitiveness Yearbook, a report compiled by the International Institute for Management Development (IMD) and published in Romania by CIT-IRECSON, the Technological Information Center. The global top three are Switzerland, Singapore, and Hong Kong, according to a press release quoted by news agency
