Romania’s Economy Might Grow 3.5% In 2012 Depending On International Situation

Romania’s economy might see a 3.5% growth in 2012, but the economic outlook depends to a great extent on what happens in the eurozone and worldwide, Prime Minister Emil Boc said Wednesday.

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"Should Romania continue reforms, attract investors and improve the EU fund absorption rate, the economy might grow by some 3.5% in 2012. This largely depends on what happens in the eurozone, in Europe, America and other regions. Trouble on international markets in June slightly slowed down the country's exports and industrial output," said Boc.

The prime minister said Romania implemented austerity measures to overcome the economic crisis and authorities estimate a DGP growth rate comparable to that of the other EU member states.

"The Government and foreign institutions see the gross domestic product rise by 1.5% in 2011 and by 3.5% in 2012," said Boc.

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