EIU: Romanian Economy To Grow 0.5% In 2012
Romania’s economic growth will likely slow down to 0.5% in 2012, from 2% predicted for this year, due to new austerity measures and external pressures, the Economist Intelligence Unit said in its latest global forecast Wednesday.
Additionally, resistance to government-imposed cuts could create internal instability, the EIU noted.
It said the Balkan countries, a region that includes Romania, Bulgaria, Croatia and Serbia, are also significantly exposed to fallout from Greece’s problems because of investment, trade, remittance and banking links.
EIU estimates the region will post economic growth of 1.5% this year and of only 0.3% in 2012. Inflation, however, is expected to decelerate to 3.7% in 2012, from 5.9% predicted for 2011.
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