IMF says the Romanian economy is starting to rebound, exportscontinue to increase and consumer and investor confidence, althoughlow, is showing signs of recovery, yet warns that there is a riskthat the Government might drop certain reforms because the economyis picking up.
IMF experts are considering revising forecasts aboutmacroeconomic indicators, but there will not be any radicalchanges.
The base scenario has IMF estimating a 1.5% economic growth thisyear. However, the Romanian authorities and the Fund did not ruleout the continuation of recession this year, too, forecasting a0.5% decline in 2011 in a worst-case scenario. It remains to beseen how much the economic growth forecast will be changed andwhether the recession scenario will be considered or not.
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