Finance Minister Sebastian Vladescu is concerned the Romanianeconomy may grow by even less than 0.8% - the new official forecastofficially announced last week by the IMF, half a percentage pointlower than the previous one.
"I hope the new IMF forecast will prove real. I am stillcautious," said Vladescu, cited by Mediafax news agency.
As early as a few weeks ago he expressed his reservations as tothe prospects of economic rebound, voicing disappointment with thefirst quarter. "The first quarter was much worse than we had wishedfor. I am still hoping to see economic growth this year."
Last autumn, before returning to the position of FinanceMinister, Vladescu estimated the economy could continue to declinethis year, by up to 2% based on signals from talks withbusinesspeople.
The official 1.3% forecast agreed with the IMF at the beginningof the year was dealt a final blow when February statisticsemerged, revealing a continued decline in industry, constructions,and in retail.
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