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2011 economy outlook

03.01.2011, 00:15 21

The highlights of 2011 are the potential economic growth, thebudget austerity, the inauguration of the Basarab overpass and ofthe Lia Manoliu stadium in Bucharest, as well as the potentialimprovement of European fund absorption, especially in the HRfield.
The essential question is when will the economy start growing. Someanalysts say that it will happen towards the end of the year, whilethe Forecasting Commission sees a better second quarter than lastyear. Major wind farm projects are expected on the energy market,the automotive market will be greatly influenced by whether Fordeventually begins manufacturing in Craiova or not, while thebanking market will remain frozen. The essential question iswhether consumer spending rebounds or not, which accounts for threequarters of Romania's GDP.

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