Romania`s government expects the GDP to grow at lei 525.1bn next year, finance minister says

The GDP should reach 576.7 billion lei in 2011, 655.6 billion lei in 2012, 753.5 billion lei in 2013 and 843.5 billion lei in 2014, according to the estimates presented by Pogea, which were a result of an analysis carried out with the experts of the International Monetary Fund (IMF) and of the European Commission (EC).

Last year, the GDP stood at 505 billion lei. 

The data presented by Pogea are quite different from the last estimates of the National Forecast Commission (CNP), which anticipated in June that Romania's GDP will stand at 568.5 billion lei in 2010, at 612 billion lei in 2011, at 664.7 billion lei in 2012, at 725.1 billion lei in 2013, at 778 billion lei in 2014 and at 848.5 billion lei in 2015.

Meanwhile, the economic prognosis for the year worsened, the government expecting the GDP to shrink 8.5 percent this year, versus 4 percent as previously estimated.