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Romania: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Romania
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 310
Language:
English
Publication Date:
26 Sep 2022
DOI:
https://doi.org/10.5089/9798400220180.002
ISBN:
9798400220180
ISSN:
1934-7685
Pages:
68
Keywords:
inflation expectation; EU membership; inflation outlook; EU accession; EU funds; cap scheme; Inflation; Fiscal stance; Energy prices; Consumer price indexes; Europe; Global
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After a solid recovery from the pandemic, Romania is now, like other EU countries, facing strong headwinds related to the war in Ukraine. Output reached pre-crisis levels in H1 2021 and growth in Q1 2022 was strong. But inflation has risen rapidly, and the external and fiscal positions are weak. The authorities are implementing a support package of energy price caps and subsidies for vulnerable groups.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 310