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Coface Sees Romania’s 2010 GDP Growth Above 0.5%

Risk management company Coface estimates Romania's economy will grow by more than 0.5% in 2010, fueled by the economic recovery in the European Union and the United States.
Coface Sees Romania's 2010 GDP Growth Above 0.5%
20 ian. 2010, 12:17, English

The GDP growth might even reach 1%, Cristian Ionescu, general manager of Coface for Romania, Bulgaria and Slovakia, said Wednesday.

Coface expects the inflation rate to fall to 4% by the end of the year, from 4.74% in December 2009.

The company predicts the current account deficit will widen to 6% of the GDP in 2010, from 5.6% of the GDP last year, while the public debt is seen at 62% of the GDP at the end of the year, compared with 55.4% of the GDP in 2009.

Coface estimates that both exports and imports will grow this year. Therefore, imports are predicted at $50.7 billion, from $46.6 billion in 2009, while shipments are seen growing from $34.3 billion to $37.1 billion in 2010.