Romania Business Forecast Report Q4 2012 - New Market Report Now Available
Core Views Romania's return to growth since 2011 has so far been driven primarily by export demand. As the eurozone sovereign debt crisis weighs heavily on this previous growth driver, we expect domestic economic activity to cool despite looser fiscal policy following two years of severe IMF-led fiscal austerity. We forecast 2012 headline growth of 1.0%, compared with 2.5% growth in 2011. We forecast Romania's current account deficit to widen to 4.7% of GDP in 2012, from an estimated 4.2%...
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