Romania Economy To Return To Growth In 2H '11 – Ctrl Bker

Romanian economy will return to growth most likely in the second half of 2011, driven largely by investments and exports, central bank deputy governor Cristian Popa said Friday.

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"It will be a mixture between domestic demand and exports and the local demand will be supported by investments as well, not only by consumption (as before the crisis started in 2008 - e.n.)," Popa told a news conference.

"I believe this is what we call a healthy growth," he added.

Hit hard by the recession, Romania's economy declined by 7.1% in 2009, after a growth of over 7% in the previous year.

For 2010, the authorities estimate a contraction around 2%.

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