





IMF on Romania's economic evolution: It's slightly worse than we have expected
"It's slightly worse than we have expected. When we negotiated the programme, we analysed the available data and projected a -4.1% economic growth for 2009. (...) We expect the economy to recover in the second half of 2010", Lybek said.
Romania's GDP dropped during the first trimester by 6.2% against the same period in 2008, according to the data released on Tuesday by Romania's National Institute of Statistics (INS), which downgraded the contraction from 6.4%, the level estimated in May.
The IMF official said the economic evolution during this period was under expectations in several countries, therefore the situation in Romania was not special.