Tag Archives: International Monetary Fund

According to Oxford Economics, right now the main risk for the Romanian economy is a strong slowdown of China’s economy, which would delete 2% of the estimated growth of Romania’s GDP. But no worry. So far, Oxford Economics’ own forecast is for Chinese growth to ‘slow gradually’ over five years from the current 6.9% to as little as 2.9%. This …

China’s currency, the Yuan, got an upgrade by the IMF to a status of global reserve currency. Other ‘Reserve-Club’-members are the US-Dollar, Euro, Pound and Yen. The last change was made in 2000, when the Euro replaced the German Mark and the French Franc. One reason behind this IMF decision is obvious: China’s economic development. Today, the country accounts for …