IMF estimates Romania economy to grow 3 pct by 2016

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The International Monetary Fund (IMF) estimates an economic growth at 3 percent in Romania by 2016, IMF chief of mission Erik de Vrijer told a news conference on Tuesday.

The economic growth of Romania was low in the last two years, but it was not missing. It is not enough for Romania, there should be a growth of 3-4 percent. We estimate a slight slow growth at 3 percent by 2016, De Vrijer said.

The IMF official added the structural reforms are hard to achieve, which can be a reason for delaying the deadlines set with the Romanian authorities.

It is obvious the structural reforms are hard to achieve, therefore there can be delayed deadlines. If the Government succeeds to fulfil what we agreed, it will get high marks, he stressed.

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