Growth forecast for 2013 raised

Minister Delegate for the Budget announced that economic growth forecast for this year was raised from 1.6% to 1.9%, following discussions with the IMF. Government estimates for the end of the year, an advance of GDP over the new target.

The first budget revision this year is based on a GDP higher by 2.6 billion, up from 626.2 billion lei.

According to Mediafax, negotiations for a new agreement of Romania with International Monetary Fund (IMF) had as macroeconomic grounds an estimated GDP growth of 1.9% this year, slightly above the forecast proposed by the international institutions representatives of 1.8 %.

Earlier, the IMF and Romanian authorities had estimated an increase of 1.6% this year and 2% next year.