Romanian President Says Economy Grew 2.5% In 2011

“The statistics will indicate an average economic growth of around 2.5% in 2011,” Basescu told a meeting with foreign diplomats.

He added that last year’s economic performance was “better than many had anticipated.”

“Romania continued the reform of its public institutions…, setting the background to lower the budget deficit below 3% of the gross domestic product in 2012,” Basescu said.