23
January

Click on the Image to view it full size. After some years of wonderful growth the Romanian GDP contracted much harder as foreseen during 2009 and dropped by 7.7% back below the level of 2007. A recovery is currently not expected by most analysts before 2011. Main drivers for the Romanian GDP growth have been exports and – credit based – internal demand. With the drop of external demand, exports contracted extremely while the internal demand dropped due to a heavy deprecation of the exchange rate and a freezing credit market. FDI inflows were higher than expected, yet just half of the FDI inflows from 2008.
Back to The economy of Romania in 2010.

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