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

August 27, 2021

Preview Citation

Format: Chicago

Romania: 2021 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2021) accessed December 22, 2024

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.

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

Keywords: COVID-19, Expert fund assistance, Fiscal consolidation, Fiscal stance, General government balance sheet, Global, Government effectiveness, Headline inflation, Monetary policy response

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/190
Stock No:

1ROUEA2021001
ISBN:

9781513594897
ISSN:

1934-7685

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