News » April, 2011 » 5 April 2011
Ernst & Young: Romanian GDP Likely To Grow 1% In 2011
05.04.2011, 14:03 | Economy | 1103 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
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