IMF Staff Country Reports

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

Publication Date:

August 27, 2021

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2021/190

Subject:

COVID-19 Fiscal consolidation Fiscal policy Fiscal stance Health International organization Monetary policy Public debt Revenue administration

Frequency:

regular