Romania will register a credible economic increase in the second quarter of 2011 and on the short term, its growth potential will drop, National Central Bank counselor Lucian Croitoru declared.
He said that only in the second quarter of 2011 Romania will be on a good trend. Private consumption will remain law and the banking system will be able to take up credits later on, Croitoru explained.
On the short term, our growth potential will be low and inflation pressures are higher than we imagine, he said. He added that Romanians tend to become pessimistic, which will have a negative impact on consumption.
Credits will be resumed only after the economy registers growth but currently the banking system is well capitalized, he said.
