News » January, 2011 » 6 January 2011
Fitch expects 2% economic growth in 2011 but warns about political risks
06.01.2011, 23:59 | Economy | 838 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
|
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...
|
|
