ING Bank: Romania, hard landing risks in 2009

For this year, the analysts of the bank estimate 8.8 per cent economic growth, and private consumption remains the main growth engine. "Considering the slowdown in the economic growth throughout the European Union countries, main trade partners for Romania, as well as in the countries of the region, such as Russia and Ukraine, 2009 will bring along the required macro-economic adjustment in Romania", Chidesciuc said. The consumption - based businesses will experience the highest difficulties. For 2008, the analysts of ING Bank Romania estimate 8.8 per cent economic growth, revised as against the previous forecast, 6.6 per cent. The main growth engines for this year continue to be private consumption, advancing tentatively by 12 per cent and the fix capital investments (+ 27 per cent).

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