Moody’s forecasts 2.2 percent economic growth in Romania in 2012

Rating agency Moody’s forecasts that Romania’s gross domestic product (GDP) will grow by 2.2 percent in 2012, on the wave of the acceleration of the absorption of European funds.

 The inflation will maintain at a level of 3 percent.

 Romania’s exports will be impacted by the uncertain situation in the euro zone.

 However, a more rapid absorption of European funds and the growth in internal investments should compensate for the decline in exports and maintain the economic growth above the 2 percent level this year.

Otilia Haraga

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