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Romanian economy 'set to grow next year'

12.11.2009

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Romania's economy could return to growth as soon as next year, new figures have suggested.

The country's trade gap has fallen by 61.4 per cent during the first nine months of the year.

Furthermore, Romania's industrial output in October hit its highest level in 12 months.

Speaking to Reuters, Rozalia Pal of UniCredit Tiriac Bank, explained that the news bodes well for the country's economy.

She said: "Industrial production is ... the GDP branch which we trust will pull up the economy and will contribute to economic growth being in 2010 over zero."

However, the country will still face a range of challenges as it looks to move out of recession, not least the political turmoil it is currently experiencing.

Earlier this month, the International Monetary Fund revealed that it will delay the next payment of Romania's bailout loan until a stable government is put in place.

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