Romania’s economy grew by 2.5 per cent in 2011
2012-03-12 12:49:53
The gross domestic product (GDP) stood at some 145 billion Euros in current prices, registering a 2.5 per cent increase as against 2010.
"The economic growth was significantly influenced by the increase of the agriculture industry but also by the entertainment and cultural activities and services," an INS communiqué reads.
Amid fears of a return recession in Europe, the cabinet in Bucharest predicts a slowdown in the economic activity, forecasting a growth of 1.5 per cent in 2012.
However, analysts say the IMF might negatively revise the initial forecast to one per cent in the near future.