VOICED: IMF says aid to Romania unlocked if no slack in reforms

Romania is facing a severe recession, prompting the adoption of strict austerity measures, including salary cuts and tax increases. The IMF supports these efforts but advises continued reforms. Despite these measures, unions warn they may not end the recession. With low average wages, the public is concerned about long-term solutions. Experts suggest a new IMF agreement could boost investor confidence. Romania received a €20 billion rescue package in 2009, but uncertainty looms post-2011 when the IMF agreement ends. The economy is expected to shrink in 2010, with hopes for growth in the following year.

What potential future challenges does Romania face after the IMF agreement ends?

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What are the expected economic forecasts for Romania in the coming years?

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