Romania's economy increased by 0.7% y/y in H1 and will end with negative for the year, less than -1%. Bullish expectations were ruined by poor use of EU funds and by below-average agricultural production. The IMF and the government expect a much stronger advance in 2012 of 2.5%, according to the Fund's World Economic Outlook. But even this will not help the country return to pre-crisis 2008 GDP levels.
Romania's statistics office revised the estimate for the country's Q2 GDP to 1.1%...
Keep on reading: Romania’s economy wears weary outlook
Keep on reading: Romania’s economy wears weary outlook