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IMF: Romania will register in 2010 the most severe economic contraction in emerging Europe 

de A.C.
Miercuri, 6 octombrie 2010, 19:11 English | Top News

Romania will register this year the most severe economic contraction in emerging Europe, of 1.9% and next year it will register a 1.5% increase, accordng to the global economic perspective presented on Wednesday by the IMF. At the level of emerging Europe, the IMF estimates a 3.7% economic increase this year and 3.1% in 2011. 

Turkey and Poland will register the biggest economic increase with 7.8% and 3.4% in 2010 and 3.6% and 3.7% in 2011. Only Croatia and Lithuania wil register GDP decreases this year but they will register an increase in 2011. 

At a regional level, IMF experts estimate an annual inflation of 5.2% in 2010 and 4.1% in 2011. On the other hand, Romania registers the lowest unemployment rate in the region, both in 2010 and 2011. Thus, unemployment rate will be 7.2% this year and next year, 7.1%. 

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