wiiw Current Analyses and Forecasts
Romania: Slowdown after boom
in: New Divide(s) in Europe?
wiiw Current Analyses and Forecasts No. 9, March 2012 , pp. 76-79
In Romania, a bumper harvest boosted GDP by 2.5% in 2011, a one-time effect that is due to vanish in 2012. At best 1% growth can be expected, driven by private consumption. A major factor of the economic slowdown is the expected stop in credit expansion. The fiscal situation is not expected to deteriorate under the close control of the IMF. The elections in November may lead to a cohabitation of president and government from opposing political groupings, which may increase political uncertainty.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania, SEE