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Analysts improve their outlook on economy
23.03.2011, 23:55 | Economy | 939 views
Banks' economic analysts are starting to improve their outlook on the Romanian economy and anticipate that ratings agencies will improve their outlooks, which means upgrading Romania to 'investment grade' status again. Nicolae Chideşciuc, chief economist of ING, who is usually one of the most pessimistic analysts, expects to see "at least an improvement in Romania's rating outlook from "stable" to "positive". However, the main condition is calibrating the fiscal policy so as to hit the budget deficit target. Barclays Capital, currently one of the world's most powerful investment banks, has upgraded its growth forecast for Romania from 0.4% to 1%. Read more on ZF.ro
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