Romania Unlikely To Remain In Recession Through 2011 - IMF

Romania's economy is on track for recovery and the probability of a third year of recession is less than 10%, an official of the International Monetary Fund said Tuesday.

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The eastern European country is estimated to post economic growth of around 1.5% in 2011, after two consecutive years of sharp decline.

"I'm pretty confident that Romania will have a positive growth. I'm not sure it will be 1.5% (…), but more than zero is a pretty safe bet," Jeffrey Franks, IMF mission chief to Romania told MEDIAFAX.

The IMF forecasts Romania economy will grow by 4% to 4.5% in 2012.

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