The International Monetary Fund (IMF) has slightly improved its estimates on the evolution of the Romanian economy both this year and next, according to the latest report “World Economic Outlook”, published on Tuesday by the financial institution.

If in April the IMF estimated that Romania will register a contraction of 5% in 2020, according to the new forecasts from the WEO, the international financial institution expects the Romanian economy to register a contraction of 4.8% in 2020, and it will recover in 2021, when it will register an advance of 4.6%, over the figure of 3.9% estimated this spring, according to Agerpres.

The new estimates of the IMF are more optimistic than those of the World Bank, which last week forecast that Romania will register a contraction of 5.7% in 2020. Instead, for next year the World Bank estimates that the Romanian economy will register a recovery of 4.9%.

At the same time, the IMF also improved its estimates on the current account deficit registered by Romania this year, of up to 5.3% of GDP, given that in the spring it forecast a current account deficit of 5.5% of GDP. Next year, the current account deficit level will fall to 4.5% of GDP, better than the 4.7% of GDP decline it projected in April.