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Jeffrey Franks: there are signs that Romania’s economy slowed down its growth in Q2

de A.C.
Marţi, 28 iunie 2011, 20:48 English | Top News

The advance of the exports and industrial production decreased in the second quarter according to preliminary data which will lead to an economic growth below the level of the first quarter, IMF chief of Romania Jeffrey Franks said in an interview for news agency Mediafax.  

There are certain indicators that show a slow decrease of economic growth in the second quarter, Franks said. We expect nonetheless at a positive evolution of the GDP, the IMF official said. Franks said that he maintains the growth estimate for 1.5% based on the advance of the first quarter.

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