The IMF estimates that Romania's economy will increase in 2011, IMF Romania chief of mission Jeffrey Franks declared on Thursday, saying that the information that appeared in the press are not correct.
He said that Romania will not be in a recession in 2011 and the information presented in the press, that Romanians should expect the contrary are false. Franks said that the mission will present the correct data at the end of this mission but he revealed that the data are positive.
He added that the economic advance will be close to 1.5%. His declarations follow an article in a Romanian financial daily, Ziarul Financiar, that read that the IMF estimates for 2011 a third year of recession for the economy, accepting a GDP drop below 1%.