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ING head doubts speedy economic recovery

ING head doubts speedy economic recovery

Romanias much-heralded economic recovery in the fourth quarter of 2009 will only be relevant for the statistics, Misu Negritoiu, general manager of ING Bank Romania, told Business Arena Magazine. As the economic decline became apparent in the fourth quarter of last year, the general hope is that the economy will slow down its decline in the last three months of the year, he said.