News » April, 2011 » 5 April 2011
Ernst & Young: Romanian GDP Likely To Grow 1% In 2011
05.04.2011, 14:03 | Economy | 1044 views
Romanian economy is likely to grow by a meager 1% in 2011, mostly driven by exports, but domestic demand remains subdued, Ernst & Young said in a report Tuesday. For 2012, the analysts estimate an economic growth of up to 4%, as investments and local demand are expected to pick up. However, is highly unlikely that Romania will be able to reduce its budget deficit to 3% of the gross domestic product by 2015, Ernst & Young said. Read more on Mediafax.ro
|
Latest news in category Economy
The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...
Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...
The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...
|
|
