Romania to post highest economic increase next year, IMF forecasts
After a bleak period, Romania might actually see the highest economic increase in the European Union next year, or at least this is what the International Monetary Fund forecasts in its recent World Economic Outlook. The IMF expects the country to see a 5.1 percent increase, after a mere 0.8 percent increase expected for this year. Other countries in the region, however, will recover faster after the crisis, mainly due to the measures imposed by their governments. Hungary, Romania and the Baltic states are among those with a slower economic recovery, says the IMF. The economic increase in the emerging Europe will be of 2.9 percent this year and 3.4 percent next year. The average increase in Europe will be of 1.3 percent this year and only 1.9 percent next year. Next year, Romania's economic increase will be followed by Slovakia, with 4.5 percent, and Estonia, with 3.6 percent. Greece will still stay in the black, with an economic drop. The IMF's forecast however might change, as it did this year, from an estimation of 1.3 percent for 2010, to 0.8 percent.