Romania’s economy is set to return to growth this year – Ernst&Young

According to a quarterly report from Ernst&Young called “Eurozone Forecast: Spring 2011”, this year the Romanian economy is estimated to grow by one percent. In 2012 the country’s economic growth is estimated to be 4 percent. Overall the expected growth is just 1 percent, a very weak result, driven by net exports and the rebound in growth to 4 percent in 2012 remains very uncertain. The weak growth profile means that Romania is unlikely to get its budget deficit close to 3 percent of GDP until 2015.

Source: BNE – Business New Europe; 06.04.2011