BA-CA analysts see slower growth

The latest study conducted by experts of Bank Austria Creditanstalt (BA-CA) says that Romania”s economic situation is less rosy as seen from the outside than in official data from Bucharest. This year”s economic growth will stand at no more than 5.6% against the official forecast of 6%, suggests a study conducted by BA-CA experts. Authors of the study on the Romanian economy believe that the economy will start the year with a mere 4.5% growth in the first quarter, and will only gather speed towards the end of the year. The study also forecasts a 5.5% growth in 2007, whilst the Government have targeted a level of 6.2%. As a matter of fact, the figure of 5.6% growth for 2006 is less than the estimates made in January, by the same authors, which then saw a 6.3% increase in 2006 possible. In addition to that, deficits forecast by the experts of the Austrian credit institution exceed by far official estimates by the Romanian authorities, published in the latest bulletin of the National Prognosis Commission (CNP). ZF