EC: Romania's economy will increase by 1.5% in 2011 

Romania’s economy will drop by 1.9% this year but it will registered growth in 2011 when the GDP will increase by 1.5%, a European Commission’s autumn estimate reads. In the previous estimate, released in May, EC estimated that Romania’s econmy will increase by 0.8% in 010 and by 3.5% in 2011. The European Commission expects in the new report an improvement of the public deficit, from 8 % of GDP in 2010 and 7.4% of GDP in 2011 – as estimated in May and fto 7.3% in 2010 and 4.9% of GDP in 2011.

When it comes to inflation, analysts expect it to drop t 5.5% in 2011 from 6.1% this year. These numbers are higher than those presented in the spring estimates.

The report shows that the recovery will continue at the EU. The GDP will increase by 1.7% in 2010 – 2011 and by 2% in 2012. Results obtained this year were better than those estimated.