Romania overcomes economic recession

Romania managed to surpass an economic recession during the second trimester of 2012, after it has achieved an economic growth rate of 0.5 percent in comparison with the first trimester of this year, an International Monetary Fund (IMF) and European Union (EU) mission currently visiting Bucharest has announced. The economic growth rate was approved by the IMF and EU’s economic mission, which works on assessing the evolution of economic conditions in Romania, the official spokeswoman of the Romanian Ministry of Economy said. The positive evaluation will help Romania secure new loans, easing austerity imposed by the IMF, she added.