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IMF: Romania's economy should advance 1.5% in 2011 and 4.4% in 2012

The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries.

It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.

Romania's economy is projected to increase by 1.5 percent in 2011 and by 4.4 percent in 2012, after a 1.3-percent decline in 2010, according to the International Monetary Fund's World Economic Outlook, the April 2011 edition released on Monday.

Unemployment is also projected to go down from 7.6 percent in 2010 to 6.6 percent in 2011 and 5.8 percent in 2012. Consumer prices in Romania should increase by 6.1 percent in 2011 and fall down to 3.4 percent in 2012, while the current account deficit should reach 5 percent in 2011 and 5.2 percent in 2012, up from 4.2 percent in 2010.The IMF says economic recovery is projected to remain more subdued in some of the economies that experienced unsustainable economic booms, as is the case with Romania.

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.

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%.

Sursa: http://www.actmedia.eu

Tags: economic percent inflation should economy romanias

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