IMF says Romania will exit recession in 2011

Romania will return to economic growth in 2011, most likely of around 1.5 percent, representatives of the International Monetary Fund said Thursday. Romania was hit hard by the global downturn in 2009, recording an economic decline of 7.1 percent. For this year, the IMF estimates a contraction of around 1.9 percent, followed by growth of 1.5 percent in 2011.

Source: Romania Business Insider, Mediafax (28.10.2010)