- Home
- English
- BUCHAREST, (15.03.2011, 15:05)
- Ioana Tudor , Ioana Tudor ,
Online news - Breaking news and last minute updates - Last update: 8:05, 7 mai 2024
mediafax
- Home
- Video
- Politics
- Economic
- Social
- Sports
- International
- Science
- Culture
- Life
- One book a day
- Weather
- Talks
- English
Romania To Register Economic Growth In 2011, “Mini-Boom” Expected In 2012 - WIIW
Romania will register economic growth this year and a “mini-boom” can be expected in the election year 2012, said the Vienna Institute for International Economic Studies (WIIW).
67 viewsRomania To Register Economic Growth In 2011, “Mini-Boom” Expected In 2012 - WIIW
Romania's gross domestic product (GDP) will grow by 2% this year, by 4% in 2012 and by 3% in 2013, according to a WIIW report.
At the end of last year, WIIW analysts estimated that the country's economy will register a 1% growth in 2011 and a 2.5% growth in 2012.
A return to the pre-crisis boom is impossible due to constrained external financing, said Gabor Hunya, WIIW senior economist. He added that a mini-boom can be expected in 2012 and it might be followed by a new wave of fiscal stabilization and growth deceleration.
According to Gabor Hunya, economic growth depends on the economic policies and the response of the capital markets.
Romania's financial aid program with the International Monetary Fund was considered successful and the country's fiscal plan for 2011-2012 is seen as sustainable, reads the report. Still, the country's economic path in the future is unclear.
None of the governments that ruled Romania over the past two years offered a credible fiscal program, said the report.
If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »
The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.