World Bank improves GDP growth projection for Romania

Newsroom 25/01/2010 | 10:29

The World Bank has increased its projection of GDP growth in Romania next year, from a previously estimated 2.5 percent to 4.2 percent, according to a recent report.

The bank has maintained its forecast on economic growth, which will stay at 0.5 percent in 2011.

The financial institution also expects a current account deficit of 4.9 percent for this year and 5.5 percent next year, which is below the previous forecasts.

Mid last year, the World Bank was forecasting a current account deficit of 7.5 percent for this year and 8.7 percent for 2011.

The world economy is predicted to grow by 2.7 percent this year

and 3.2 percent next year, after having contracted by 2.2 percent last year.

The World Bank is contributing to a EUR 20 billion lending package for Romania, along with the International Monetary Fund (IMF), the European Union and the European Bank for Reconstruction and Development (EBRD).

Corina Saceanu


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