Roland Berger: Export-oriented industries to further grow in 2011

Romanian export-oriented manufacturing industries will continue to grow in 2011, further supporting economic recovery, whereas sectors such as retail and constructions will be negatively impacted by low consumer confidence, according to consultancy firm Roland Berger. "The retail sector, along consumer goods, services and construction had a significant impact on the economic decline and is unlikely they will have a major contribution to economic recovery next year," said Codrut Pascu, managing partner at Roland Berger Strategy Consultants. He said the economic growth in 2011 depends on several factors, such as the ability to withstand possible "turbulences" and to seize upcoming opportunities.

Roland Berger estimates Romania's gross domestic product will grow by 0 percent to 2 percent in 2011. On the medium term, the consultancy firm forecasts an economic growth of 3 percent to 4 percent per year by 2020, when the country's GDP per capita is estimated at 50 percent of EU's average level recorded in 2009.

Mediafax