Romania To Set 2012 GDP Growth Target In October, In Talks With IMF – PM -
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News » September, 2011 » 20 September 2011

Romania To Set 2012 GDP Growth Target In October, In Talks With IMF – PM
20.09.2011, 17:33 | Finance-Banks | 1435 views

Romania's economic growth forecast, used in drafting the state budget for next year, will be determined by the Government in October, through consultations with the International Monetary Fund, European Commission and World Bank, Prime Minister Emil Boc said Tuesday.

Boc said the Government keeps 1.5% as the target GDP growth for 2011. The official growth forecast for 2012 is 3.5-4%.

Recently, however, Boc has said that expectations on the economic performance of many European Union member states are quite bleak, indicating that the economic crisis is not over, which may indirectly affect Romania's growth. He also explained that any salary raise in the public sector next year depends on budget resources, so no promises can be made unless growth of 3.5% is achievable.


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