PwC Sees Romanian GDP Growing 1.6% In 2011

In its latest global growth forecast, PwC noted that developing economies continue to power the growth of the global economy, while most developed economies are struggling in the face of high unemployment and weak consumer demand.

Worldwide, PwC estimates an economic growth of 3.5% in 2010 and of 3.1% a year later.

Romanian authorities forecast the economy will contract by around 2% in 2010, from a decline of 7.1% in the previous year. For 2011, the gross domestic product is expected to grow by 1.5%.

The PwC survey provides estimates for more than 40 economies which together account for 90% of global GDP.