“The statistics will indicate an average economic growth of around 2.5% in 2011,” Basescu told a meeting with foreign diplomats.
He added that last year’s economic performance was “better than many had anticipated.”
“Romania continued the reform of its public institutions…, setting the background to lower the budget deficit below 3% of the gross domestic product in 2012,” Basescu said.
Romanian real-term GDP grew by 4.4% in the third quarter of 2011 compared with the same period of 2010, after a 1.4% increase a quarter earlier.
The authorities estimate an economic growth of around 2% in 2011, versus a contraction of 1.3% in the previous year, broadly fueled by a better-than-expected farming output.
The Romanian statistics institute is due to present a flash estimate on fourth-quarter GDP on February 15.