2011 economy outlook

The highlights of 2011 are the potential economic growth, the budget austerity, the inauguration of the Basarab overpass and of the Lia Manoliu stadium in Bucharest, as well as the potential improvement of European fund absorption, especially in the HR field.
The essential question is when will the economy start growing. Some analysts say that it will happen towards the end of the year, while the Forecasting Commission sees a better second quarter than last year. Major wind farm projects are expected on the energy market, the automotive market will be greatly influenced by whether Ford eventually begins manufacturing in Craiova or not, while the banking market will remain frozen. The essential question is whether consumer spending rebounds or not, which accounts for three quarters of Romania’s GDP.