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Fitch expects 2% economic growth in 2011 but warns about political risks
06.01.2011, 23:59 | Economy | 834 views
Romania could record a 2% economic growth in 2011 after two years of recession, and cut its budget deficit to 4.4% of GDP, but political risks remain high, Fitch rating agency believes. "Despite the government's success in meeting the 6.8% deficit target for 2010, political risk remains high. Failure to implement sufficient budgetary consolidation would erode the country's creditworthiness," Douglas Renwick, director within Fitch Ratings, told ZF. The IMF and the Romanian authorities expect a 1.5% economic growth for this year. Read more on ZF.ro
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