In its annual report for 2011, the rating agency Moody's anticipates that Romania's GDP will grow by 2.2% this year, with the acceleration of the absorption of European funds, while inflation will remain close to the target of the Central Bank in Bucharest.
 
According to Moody's, the uncertain economic situation in the eurozone against the backdrop of the crisis of public debts, affect, however, the prospects for economic growth of Romania. The Agency notes that approximately 70% of Romania’s exports go to European countries, and a slowdown in the rate of growth in Europe would also undermine the growth rate in Romania.
The analysis also pointed out that a faster absorption of European funds and the growth of domestic investment should offset the decline in exports, maintaining economic growth over the 2% top in 2012.
 
Inflation, which hit in September and November, two new lows since 1990, dropped to 3% in December, Moody's currency, and will maintain the same level even at the end of this year. The document also mentioned the possibility that the fiscal deficit registers a fall below 5% of GDP in 2011, in accordance with the target of the government. On the other hand, about 80% of Romania's banking sector is controlled by foreign banks. With the easing of inflationary pressures, the National Bank will relax monetary policy conditions, intent pointed out by the recent reduction in key interest. The Central Bank has lowered the interest of monetary policy of 0.25% to 5.75% in November after he had made a similar reduction.
 
Moody's assigns Baa3 rating to Romania, with a stable outlook, supported by the relatively low level of public debt, access to external financing and the prospect of a promising economic growth on medium term. All this can compensate for the population’s low income compared to other countries in the region, the large deficit in the balance between savings and investment, fiscal pressures and persistent poor performance of public investment and state-owned companies.