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IMF Sees Romanian Inflation At 4% In December 2011

The International Monetary Fund estimates Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s target, according to the fund’s latest World Economic Outlook report.
IMF Sees Romanian Inflation At 4% In December 2011
Florentina DraguRadu Bostan
11 apr. 2011, 18:21, English

Romania’s central bank targets an annual inflation of 3% at the end of 2011, plus/minus one percentage point around the band. The bank recently revised upward its forecast on the year-end inflation to 3.6%.

The average annual inflation is estimated at 6.1% in 2011 and at 3.4% in 2012, the IMF said in its report.

The international institution estimated economic recovery will remain more subdued in some of the states that experienced unsustainable domestic booms before the 2008 recession, including Romania.

It left unchanged its growth forecast on Romanian economy at 1.5% in 2011 and at 4.4% in 2012.

Unemployment rate is projected to drop to 6.6% this year, from 7.6% in 2010.

For 2012, the IMF estimates a jobless rate of 5.8%.