Foreign direct investment in Romania dropped at mid-2009 from 13 billion dollars to 6 billion dollars, but they will grow to 8 billion dollars this year and 11 billion dollars in 2011, according to a presentation of the Economist Corporate Network, part of The Economist group.

Economist Corporate Network estimates for this year an increase of GDP of about 1% after a decline of over 7.4% last year in the context where the economic growth in the euro zone stays fragile and the demand on the main export markets for Romania is still placed at a low level. " The strengthening of the fiscal policy will discourage budgetary expenditure and private consumption will be limited by the high level of unemployment. The economic relaunching will be consolidated starting with 2011 when an increase of 3.5% is estimated, supported by strong coming back in the Western Europe states" The Economist shows.

At the same time, the analysts observe that the current account deficit recorded a strong adjustment from 12.4%of GDP in 2008 to 4.5 % last year and anticipates that it will be placed at the same level in 2010. Economist Corporate Network is a service offered by The Economist for the executive leaderships and includes information regarding economic trends and companies on the markets and regions, such as Central and Eastern Europe, Middle East and Asia, Africa and Asia-Pacific.

Source: actmedia