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IMF Sees Romania Economy Growing 5.1% In 2011

The International Monetary Fund estimates Romania’s economy will grow 5.1% in 2011, the biggest increase in the European Union, compared with a modest growth of 0.8% envisaged for this year, according to the fund’s latest World Economic Outlook.
IMF Sees Romania Economy Growing 5.1% In 2011
21 apr. 2010, 16:53, English

Last week, IMF cut its growth forecast for Romania this year to 0.8% from 1.3% previously, due to weaker-than-expected economic results in the last quarter of 2009 and feeble consumption.

The IMF and Romanian authorities will discuss the new figures at the fund’s new review mission on the country’s EUR13 billion loan agreement scheduled for April 27-May 7.

The agreement, signed early 2009, is part of a wider package that includes funds from the European Union, the World Bank and other international lenders.

So far, Romania has received around EUR11.5 billion from the total aid package.