IMF forecast: Romania to exceed Poland’s economic growth in 2013

Romania could post a 2.5 percent economic growth next year, higher than the 2.1 percent forecast for Poland, the largest economy in the region and the only one that has managed to avoid recession since the beginning of the crisis, shows a recent IMF report. This could happen following a slowdown of the Polish economy.

IMF expects the Romanian economy to grow by 0.9 percent this year and by 2.5 percent in 2013. The economic growth forecast for Poland is 2.4 percent this year and 2.1 percent in 2013.

The last time Romania has managed to post a higher economic growth than Poland was in 2008 when the local economy increased by 7.3 percent while the Polish GDP went up by 5.1 percent.

In the years than followed Romanian GDP dropped by 6.6 percent (2009) and 1.6 percent (2010) and grew by 2.5 percent (2011). Poland posted economic growth for the same period – 1.6 percent (2009), 3.9 percent (2010) and 4.3 percent (2011).

Simona Bazavan

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