Economy is starting to recover, but there is still uncertainty -
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News » April, 2011 » 4 April 2011

Economy is starting to recover, but there is still uncertainty
04.04.2011, 23:48 | Economy | 661 views

A first evaluation of the first quarter of the year from an economic point of view shows that there is still uncertainty and that consumer spending has yet to resume growth, but real estate transactions have slightly picked up, with real estate investors signalling they have access to funding and are betting on a recovery in the second part of the year.

In addition, industrial output continues to grow, driven by demand from abroad. Exports have risen beyond expectations, and in January exceeded imports, which has very seldom been the case in the last twenty years. The export increase amounted to 47.8% against January 2010.

Although slight positive signs have emerged in the construction sector, the signals are not yet encouraging, with consumer spending the main problem remaining.


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