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Gov’t revises economic growth forecast from 1.5 to 1.2 pc of GDP

August 10, 2012

According to Premier Victor Ponta, the revision was caused by the effects of the drought in the agriculture sector, but also by the fact that the former government’s forecast on the absorption of EU funds was “overoptimistic.” The government revised downwards its economic growth forecast from 1.5 to 1.2 per cent of GDP. At the [...]

The text of this article has been partially taken from the publication:
http://www.nineoclock.ro/gov%e2%80%99t-revises-economic-growth-forecast-from-1-5-to-1-2-pc-of-gdp/
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