The Romanian economy is likely to grow by 1.6 percent in 2011, ending a two-year recession period, but the country’s annual inflation is seen easing only to 5.4 percent next year, above the central bank’s upper band target of 4 percent, a PricewaterhouseCoopers (PwC) survey shows.

In its latest global growth forecast, PwC noted that developing economies continue to power the growth of the global economy, while most developed economies are struggling in the face of high unemployment and weak consumer demand.

Mediafax