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Top 10 economic forecasts for 2010

Ana Sabiescu, 9 Nov 2009

Romanian version

Although the Romanian economy could contract by as much as 8% this year, analysts expect the country to do better in 2010 and achieve positive growth, however modest that may be. Wall-Street highlights the ten most important forecasts for the Romanian GDP in the year to come.

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10. Capital Economics: -0.5%

Romanian GDP growth is expected to remain negative for the second year in a row, following worsening unemployment outlook, growing external debt and continued cost-cutting efforts. The GDP will remain in the negative territory even if the National Bank of Romania says the country has emerged from recession, said Neil Shearing with Capital Economics.

“It is early and worrying to talk about an economic recovery. The outlook has improved, but numerous risks point to a further negative GDP. In our view, the economy will contract by 0.5% in 2010”, said Neil Shearing, emerging markets economist.

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Article comments for Top 10 economic forecasts for 2010

Optimism?! (1 comentariu, 154 vizualizari)

Top 10 economic forecasts for 2010

10. Capital Economics: -0.5%

Article comments "Top 10 economic forecasts for 2010"

Article comments for Top 10 economic forecasts for 2010

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