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Shocking IMF forecast: Romania will post EU’s highest economic growth in 2011 – 5.1%

21.04.2010, 19:58 59

While the Romanian economy is struggling to pull out ofrecession and this year's economic growth has been reviseddownwards, from 1.3% to 0.8%, the IMF has launched a shockingprevision: in 2011, the Romanian economy will post no less than5.1%, the highest level in the entire European Union. The data isincluded in the IMF's World Economic Outlook, quoted by Mediafaxnews agency. New estimates for the 2010 and 2011 macroeconomicindicators will be discussed by the Romanian authorities with theIMF delegation that is expected in Bucharest next Tuesday.

"Romania, when it dropped, it dropped worse than theneighbouring countries, and when it grew, it outgrew itsneighbours. It would be ideal for Romania to grow slowly, but on abetter, sustainable structure. The economic growth could be basedon an improvement in consumer spending. And this would require thatwe complete the public sector adjustments this year," said LucianAnghel, BCR's chief-economist.

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