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IMF's Kammer: Romania set to outpace emerging Europe growth

  • Growth is projected at 4.0% for emerging Europe. For Romania we project that after contracting by about 5 percent in 2020.
  • it will expand by a bit more than the emerging-Europe average.
Published February 12, 2021 Updated February 12, 2021 08:02pm
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By Reuters
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BUCHAREST: The International Monetary Fund expects a strong economic recovery in Europe this year after a 6% contraction in 2020, with Romania outpacing emerging Europe's average growth, IMF's European department director Alfred Kammer said on Friday.

"Growth is projected at 4.0% for emerging Europe. For Romania we project that after contracting by about 5 percent in 2020, it will expand by a bit more than the emerging-Europe average," Kammer told a virtual seminar hosted by Romania's central bank.

IMF International Monetary fund

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