01805cas a2200241 a 4500 AALejournalIMF017675 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484301678 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Romania : Ex-Post Evaluation of Exceptional Access Under the 2013 Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Romania. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (54 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Romania's Ex-Post Evaluation of Exceptional Access under the 2013 Stand-by Arrangement. Romania experienced strong economic growth in 2016, resulting in a closed output gap. Private consumption was boosted by an expansionary and procyclical fiscal policy and wage increases. The cyclically adjusted budget deficit grew by 1.5 percent of GDP in 2016, reflecting large tax rate cuts and wage increases. Growth is expected to reach 4.2 percent in 2017-supported by continued stimulus to private consumption from a new round of fiscal relaxation and wage increases-and to moderate to 3.5 percent in the medium term. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/135 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/135/002.2017.issue-135-en.xml IMF e-Library