IMF: Comeback will be slow in emerging states with unsustainable boom, such as Romania

The International Monetary Fund (IMF) estimates economic recovery will be slow in some emerging European states which posted unsustainable economic boom, such as Romania, according to the report World Economic Outlook.

The IMF maintained its estimation of Romania’s economic growth for this year at 1.5 percent while in 2012 it is deemed to reach 4.4 percent. Last year, the GDP decreased by 1.3 percent in Romania.

Inflation will be 6.1 percent this year, the same as in 2010, but it is estimated to go down to 3.4 percent in 2012.

The IMF also estimates economy in emerging Europe will only grow from 3.7 percent this year to 4 percent in 2012.

 Otilia Haraga

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