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Businesspeople See Romania’s 10 GDP Growth At 0.5%-1%

The Romanian Businessmen Association AOAR predicts Romania will post an economic growth of 0.5%-1% in 2010, below authorities' official forecast of 1.3%.
Businesspeople See Romania's 10 GDP Growth At 0.5%-1%
18 feb. 2010, 14:03, English

AOAR’s predictions resulted following an online focus group with the association’s members.

Thus, most of the business representatives expect Romania to post a GDP growth of between 0.5% and 1%, but some respondents predicted a 2% growth.

Most of the polled businesspeople expect the inflation rate to set at 4% at the end of 2010, above the central bank’s forecast of 3.5%.

The budget deficit is seen between 5% and 7% of the GDP. Romania’s leu exchange rate is estimated at RON4.2 to the euro.

According to AOAR, the jobless rate will be at 8%.