However, the EIU warns that resistance to the austerity measures could create instability.
Romania’s gross domestic product rose 0.2% in real terms in the second quarter, compared to the first quarter, and gained 1.4% on the year. For 2011, the local government expects an economic growth of 1.5%.
The EIU published Wednesday new forecasts on the outlook of the world economy.
In the “new members” category of the European Union, which includes Romania, Bulgaria, Cyprus, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, (excluding Malta), the EIU expects economic growth of 3.2% for this year, with an improvement from the 2.8% forecast put forth in January, followed by growth of 3.4% in 2012.
Inflation in the region is expected to reach 4.2% this year, and 3.1% next year.
The “transition economies” group, which includes the Czech Republic, Hungary, Poland, Slovakia and Slovenia, is expected to have an overall economic growth of 3.2% this year, and 3.4% in 2012.
Inflation in this area is seen at 4.2% this year and 3.2% in 2012.