Arab Today, arab today imf eu trim romania\s growth forecast
Last Updated : GMT 10:00:33
Arab Today, arab today
Arab Today, arab today

IMF, EU trim Romania\'s growth forecast

Arab Today, arab today

Arab Today, arab today IMF, EU trim Romania\'s growth forecast

Bucharest - AFP

The International Monetary Fund (IMF) and the European Union on Sunday said they had trimmed Romania\'s 2012 growth forecast to 1.5-2.0 percent, due to international economic turbulence. \"For 2012 we have slightly revised down our forecast in light of the more difficult economic environment in the euro area,\" the IMF\'s representative Jeffrey Franks told reporters in Bucharest. \"We now project growth of 1.5 to about 2.0 percent, depending on improved domestic demand and better absorption of EU structural funds.\" An earlier forecast put growth between 1.8 and 2.3 percent. Despite the adjustment, Romania\'s economy will still perform better than the EU, he stressed. The IMF and the EU expect 2011 growth to stand at 2.5 percent, higher than anticipated, thanks to strong exports and bumper harvest. Official figures are to be released by the statistics institute on February 15. Franks said the austerity measures adopted by Romania under a 20-billion-euro bailout plan concluded with the IMF and the EU in 2009 had started bearing fruit. The plan led to a 25-percent cut in public wages and a pension freeze. Romania last year concluded a second, precautionary-type agreement with the IMF and th EU on a credit line of five billion euros to be drawn only in case of emergency. \"Romania is better prepared than other EU countries to cope with the economic crisis,\" Franks stressed. But he called on authorities to continue prudent fiscal policies. \"With the upcoming elections and the economic growth slowdown, it is essential to stay the course of reforms.\" The IMF and the EU representatives insisted on a gradual deregulation of the electricity and gas sectors, stressing this was essential to ensure proper market functioning and trigger urgently needed investment. They also called on the government not to abandon plans to reform health care, after a controversial bill was withdrawn last month. \"Comprehensive reform is needed to put the health sector on a sustainable footing and improve its efficiency,\" they said.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf eu trim romania\s growth forecast Arab Today, arab today imf eu trim romania\s growth forecast

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday