Romania will post sharpest decline in emerging Europe, IMF prognosis says

Romania will register this year the most shard economic decline of all countries in emerging Europe, according to the World Economic Outlook of the International Monetary Fund (IMF).

Romania will post a decline of 1.9 percent this year, while next year it will have the slightest growth of the GDP among all these countries, of only 1.5 percent.

The inflation rate is also among the highest in these European countries but the unemployment rate is also among the lowest.

At the level of the countries in emerging Europe, IMF anticipates an economic growth of 3.7 percent this year, followed in 2011 by a growth of 3.1 percent. Turkey and Poland will be the engines of growth, increasing with 7.8 percent and 3.4 percent respectively this year. Next year, Turkey will grow with 3.6 percent and Poland with 3.7 percent.

Otilia Haraga

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