Romania could see a 3.5 percent economic growth in 2012, says the PM

Romania could see a 3.5 percent economic growth in 2012 although this depends to a large extent on the evolutions of the global economy, said Prime Minster Emil Boc on Wednesday.

“Right now there are the premises that if we maintain the pace of reform, if we attract investments and improve the absorption of funds, we will have  an economic growth of about 3.5 percent in 2012. Obviously a lot depends on what happens in the euro area in Europe, America and elsewhere because for our forecast to take place. I say this because in the context of existing turbulence in international markets, in June, we have reported a slight slowdown in exports and industrial production, “said Boc.

The PM explained that both the Romanian authorities and the international institutions have set a 1.5 percent economic growth target for this year and 3.5 percent for 2012. He added these growth rates are close to the ones of the other EU economies in the present economic context.

Simona Bazavan

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