IMF: growth to return in 2011
The International Monetary Fund (IMF) has predicted that Romania will only return to growth in 2011, when it predicts a rise of five per cent in the nation’s GDP June 2009 - From the Print Edition
The international finance institution predicts the country will witness a four per cent decline for 2009 and zero growth for 2010. This compares to a 7.1 per cent growth in 2008.
The IMF expects inflation to fall in 2009 to 3.5 per cent and remain there in 2010.
This March Romania took out a loan from the IMF worth 12.95 billion Euro. About 4.9 billion Euro was available for Romania last month, with the remainder available in installments subject to the IMF’s quarterly reviews.
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