Click the image to see it full size. The GDP of Romania recorded high growth rates after 2000, after experiencing a severe recession of transition all during the nineties. After the outbreak of the financial crisis in 2008 it took until the early 2009 for the crisis to arrive in Romania, yet hit it the harder. The nominal GDP contracted not less than by 7.7% and is not expected to recover to its former level before 2011-2012 (IMF, CNP, Eurostats). Some banks like the ING forecast a growth by 1.9% during 2010. As Romania’s GDP depends to a large part on exports the recovery will depend on a large part on the recovery of the Western countries and their demand for exports.

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