BCR Cuts GDP Growth Projection For 2012 By 1% To 2.9%

08.29.2011 By Razvan Voican

Banca Comerciala Romana (BCR), the largest bank on the local market, reduced its economic growth forecast for next year by one percentage point, from 3.9% to 2.9%, quoting the outlook of prolonged euro zone jitters with an impact over Romania both at the level of export demand, and capital flows.

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Keywords:
BCR
, ECONOMIC GROWTH