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World Bank expert: Romania could avoid the recession next year

de A.C.
Miercuri, 26 noiembrie 2008, 11:25 English | Top News

Romania has every chance to avoid recession in 2009 but the evolution will mostly depend on the international environment and the measures adopted by the new government that would take into account a pessimistic scenario, World Bank Romania senior economist Catalin Pauna declared on Tuesday, quoted by NewsIn.

He declared that it is hard to anticipate what is going to happen but that Romania's economy has every chance to register an economic growth as it has to enter a recession period. The anti-crisis measures adopted by the government should contain an coherent set of measures that would be implemented depending on the materialization or not of the economic decrease.

Romania's advantage, in his opinion is that the market is flexible due to the pretty Liberal reforms as compared to the European market that is considered rigid. He declared that world economies face serious issues, with economic agents distrusting each other and who refuse to have financial or commercial exchanges.

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