IMF changes recession prognosis: economy drops by 8 %
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Gross domestic produt drop could reach 4.1% to 7-8 %. The results of the first months of the year determined the annalists of the International Monetary Fund to drastically revise estimations for 2009.
Related:
IMF funds for pensions and wages in case economic crisis gets worse
IMF is working on a new macroeconomic background for Romania, this period, in the context of a new evaluation of a tand-by agreement starting with the beginning of August.
According to sources cited by Mediafax news agency, IMF annalists anticipate, among other things, the deepening of the economic recession, this year, from 4.1 % to 7-8 %.
The Romanian economists’ reactions on the new estimated figures from IMF reports refer to the evolution of the unemployment rate and to the structure of the budgetary deficit.
The most sensitive indicator would be the number of jobless people.
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