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2/8/06

BUCHAREST DAILY NEWS: Romania's economy could boost 5.5% by Adrian Hamzescu

BUCHAREST DAILY NEWS

Romania's economy could boost 5.5% by Adrian Hamzescu

The International Monetary Fund and the Romanian authorities identified three problems of the local economy: a lower growth rate, the inflation rate and the high current account deficit.

The IMF believes that the Romanian economy could boost this year by 5 - 5.5 percent, compared with the 4 percent growth rate estimated for last year, stated Emmanuel van der Mensbrugghe, chief negotiator of the IMF for Romania. Prime Minister Calin Popescu Tariceanu stated recently that the Gross Domestic Product increased last year by 4.7 percent. The result amounts to almost half of that recorded in 2004, when the GDP hiked 8.3 percent.

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