Romania's letter of intent to IMF: 1.5-pct economic growth; 4.4-pct-of-GDP deficit in 2011

The Government of Romania is expecting an economic growth of 1.5 percent in 2011 and of 3.75 percent in 2012, on solid exports and gradual recovery of domestic demand, according to a letter of intent of the Romanian Government to the International Monetary Fund (IMF).The IMF on Wednesday posted the letter of intent on its website, together with a technical memorandum of understanding.According to the letter, inflation exceeded the expectations of the Romanian ...

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