IMF: Romania’s economy to increase by 1.5% this year and by 4.4% in 2012 

Economic recovery will be slower in some emerging European countries that registered internal unsustainable booms like Romania, the World Economic Outlook report released by the IMF reports. Experts of the institution estimate that after a 1.3% decline in 2010, Romania’s economy will grow by 1.5% this year and by 4.4% in 2012.

The best economic performance in the region will be registered by Turkey with a 4.6% advance in 2011 and a 4.5% advance in 2011 but it will not register the high level of last year of 8.2%. Poland will maintain a similar level with last year, of 3.8% with a moderate 3.6% in 2012.

For Bulgaria the institute estimates a 3% GDP advance and a 3.5% advance in 2012. At the regional level a 3.7% advance will be register this year and in 2012 a 4% advance. Regarding unemployment, IMF estimates in Romania a 6.6% for 2011 and a 5.8% for 2012, the lowest unemployment rates in the region. Bulgaria will also register values below 10% so will Poland while the rest of the regional countries will have values exceeding 10%.

IMF estimates consumption prices on the Romanian market to increase this year by 6.1%.