World Bank: Romania and Latvia are the only economies in Europe and Central Asia to drop in 2010

Romania and Latvia are the only countries in Europe and Central Asia to see their economies falling further this year, according to a World Bank report. WB analysts expect Romania’s GDP to fall 0.5% and the Latvian economy to see a 3.5% contraction in 2010.

In 2011, Romania’s economy is expected to return to growth with a 3.6% GDP boost. It is expected to see a further 4.4% growth in 2012.

For Europe and Central Asia, the World Bank expect and economic growth of 4.1% this year, 4.2% in 2011 and 4.5% in 2012.