





Moody's analyst: Romania's economy will decrease by 2-4% in 2009
The rating agency estimated as early as last year an economic decrease but the current estimates reveal a 2-4% decrease in 2009. In what concerns the budgetary deficit, Moody's estimated that it will reach 5% this year for a budgetary spending of 38.6% of GDP with revenues representing 33.5% of GDP.
Considering Romania's economic environment, the government will have a hard time reducing the budgetary deficit even by 1%, Moody's economist said.