1 Mai 2009
National Prognosis Commission sees 1.9% drop in real salaries in 2009 and flat in 2010
Romania's economy could idle next year after a 4 percent contraction in 2009, as the only sector to post an increase is the construction sector, according to a prognosis for the period 2009 – 2013 published by Romania's Prognosis Commission (CNP), NewsIn informs.
CNP sees an insignificant advance of the gross domestic product (GDP) by 0.1 percent in real terms in 2010. The nominal GDP is estimated at 568.5 billion lei, up from 531.25 billion lei in 2009. The GDP amounted to 503.96 billion lei last year.
The Forecast Commission anticipates a comeback of Romania's economy in 2011, with a GDP advance of 2.4 percent, followed by other positive rates: 3.7 percent in 2012 and 4.4 percent in 2013.
The estimates were dramatically revised compared to those announced in January, when CNP forecast an economic growth of 2.5 percent for the year and 4.5 percent for 2010.
CNP deems the only sector to remain on the minus next year is the industry, which will record a contraction of the gross added value by 3 percent compared to 2009. Agriculture is estimate to inch 0.8 percent, constructions are seen up 4 percent and services will grow by 0.7 percent.
The Forecast Commission anticipates a comeback of Romania's economy in 2011, with a GDP advance of 2.4 percent, followed by other positive rates: 3.7 percent in 2012 and 4.4 percent in 2013.
The estimates were dramatically revised compared to those announced in January, when CNP forecast an economic growth of 2.5 percent for the year and 4.5 percent for 2010.
CNP deems the only sector to remain on the minus next year is the industry, which will record a contraction of the gross added value by 3 percent compared to 2009. Agriculture is estimate to inch 0.8 percent, constructions are seen up 4 percent and services will grow by 0.7 percent.