romania growth revised up to 07
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Romania growth revised up to 0.7%

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Arab Today, arab today Romania growth revised up to 0.7%

Balkan - AFP

Romania's economy grew by 0.7 percent in 2012, higher than the initial 0.3 percent estimated growth, official data showed Wednesday. The growth increase is due mainly to improvements in the industry and retail business, the INS said. For 2013, Romania targets economic growth of 1.6 percent. The Balkan country suffered a severe recession in 2009 and 2010 before recovering in 2011 thanks to a 20 billion-euro lifeline from the European Union and the International Monetary Fund (IMF).  

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