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December 3, 2021

Foreign experts more optimistic about the evolution of economy in 2010

Some foreign experts are more optimistic about the evolution of the Romanian economy in 2010 than the IMF and the Romanian authorities. The rating agency Fitch sees an advance of 2 per cent of the Romanian economy next year, a growth rate four times bigger than IMF’s estimate, and Moody’s estimates an advance of 1.2 per cent, Money Channel TV informs. The foreign experts and also the Romanian ones have seldom common opinions about what the economy of our country will look like next year. The last estimate of IMF points to a modest advance of 0.5 per cent in 2010. This is also the official prediction of the Romanian authorities. Credit Agricole, one of the biggest French banks, considers that the recession will continue also in 2010. The French analysts estimate a decline of 1 per cent of Romania’s GDP in 2010. On another hand, Merrill Lynch mentions that the tax adjustments will curb the revival of the economy in 2010, but anticipated, however, an economic growth of 1.1 per cent. The opinions are divided locally. ING Bank Romania estimates a GDP growth of 1.6 per cent in 2010, while the Romanian analysts from UniCredit see an advance of 0.4 per cent. A similar value was launched also by the analysts from Erste Bank and BCR. The latest figure mentioned by Raiffeisen Bank Romania points to an economic growth of 1 per cent in 2010. The Greeks from Alpha Bank have one of the best estimates: plus 1.5 per cent next year.

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