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Agathon (ACPR): We hope economy will grow 3% in next period

Vice-President of Employers' Confederations Alliance of Romania (ACPR), Dan Matei Agathon, hopes that the Romanian economy will record 3% growth in the next period.

He commented on Wednesday on the recent estimates of the Foreign Investors Council (CIS), according to which Romania will record an economic growth of 2-3% in 2011-2012.

'For the time being, all the forecasts made by the International Monetary Fund's specialists, by other foreign experts, and by the specialists of the National Prognosis Institute, indicate a slight economic growth of 1.9%. Personally, I am convinced this growth will be achieved next year, and our hope would be that the economy grow by 3%,' ACPR's vice-president told AGERPRES.

He said that it is hard to make a forecast this period, when nobody knows what will happen in the eurozone. 'We have to see if the bailout programme for Greece works, and if the economic situation does not worsen in Ireland, Portugal and Italy - the third economic power in the eurozone. As such, it is hard to make a forecast now, because we are in a global economy and we depend very much on what happens to the economies in the European Union /EU/. If things go well in the EU, this will be seen in our country as well, but if there is crisis in the EU, the effect will be felt also in our country,' Agathon added.

The European Bank for Reconstruction and Development (EBRD) has upgraded the forecasts of economic growth in Romania this year, to 1.9% from 1.8%, as estimated in May, but left unchanged, at 3.8%, the estimate of economic growth for 2012, according to the quarterly analysis dubbed 'Regional Economic Prospects.'

On the other hand, sources participating in the negotiations held these days in Bucharest with the representatives of the International Monetary Fund, said recently for AGERPRES that the institution was evaluating with the Romanian authorities the downward revision of the economic growth estimate for 2011, from 1.5% to 1%.

Sursa: http://www.actmedia.eu

Tags: economic growth period economy agathon

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