





In 2010, the economy decreased its contraction to 1.2%
The numbers are beyond our expectations and we hope to have an increasing trend, Ionut Dumitru, Raiffeisen Bank chief economist declared for HotNews.ro. Even though statistics show good signs, they do not reveal a decrease in the distance separating Romania from other European countries.
Let’s not forget that Romania is still, annually, on negative numbers while other economies past the zero threshold towards positive growth. Most of our problems are structural which take time to be improved and we still need to improve productivity, labor market and counter fiscal evasion. The economic growth for 2011 is estimated at 1.5% and is still insufficient to create new jobs. Only economic growth of 2% and more can generate more labor force absorption.