IMF: Romanian Economic Growth Not Enough To Improve Living Standards
Romania’s economy expanded by 2.5% in the last three months of 2011, the fourth consecutive quarterly growth, but the recovery is not enough to make a lasting imprint on the quality of life of Romanians, an official of the International Monetary Fund said Monday.
“The economy has returned to growth… and we expect to have a positive development in 2012 as well. However, the growth is insufficient to improve the living standards of Romanians,” said Jeffrey Franks, head of the IMF’s mission to Bucharest.
“(A growth of) 1.5% or 2.5% is better than no growth, but it’s not enough,” he added.
Romanian real-term GDP grew by 4.4% in the third quarter of 2011 compared with the same period of 2010, after a 1.4% increase a quarter earlier.
Citește și
2 min
Ștefan Stan
2 min
Ștefan Stan
2 min
Cristina Roșca