BCR: Romanian economy could grow 2% in 2011

'The Romanian economy could advance approximately 2 percent, but we do not rule out the possibility of a quicker come-back, in the conditions of the direct foreign investments better sustaining the investment process and the Government starting some infrastructure investment projects,' the BCR Chief Economist said on Tuesday, on the occasion of the presentation of the 'Romania - The Return to Growth' macro-economic report.

Lucian Anghel said that the private investments should represent the grounds of the economic relaunch and that consumption would register a slower growth in 2011.

On the other hand, BCR improved the inflation estimation at 5.2 percent for the year-end, after having evaluated the impact of the administered prices and the political events in the Northern Africa and the Middle East.

'In March the inflation expectations reached a record level in the past three years and there are high chances to remain deteriorated in the coming months. The retail sales could be affected by the high inflation rate. The consumers' trust has somewhat improved, but it is still under the average post-crisis level,' Anghel said.