{"id":44049,"date":"2010-11-12T20:46:53","date_gmt":"2010-11-12T20:46:53","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=44049"},"modified":"2026-04-02T18:46:32","modified_gmt":"2026-04-02T18:46:32","slug":"analistii-bancilor-au-pareri-impartite-despre-perspectivele-de-crestere-a-economiei","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=44049","title":{"rendered":"Analistii bancilor au pareri impartite despre perspectivele de crestere a economiei"},"content":{"rendered":"<p><!--[if gte mso 9]><xml>\n<o:DocumentProperties>\n<o:Version>12.00<\/o:Version>\n<\/o:DocumentProperties>\n<\/xml><![endif]--><!--[if gte mso 9]><xml>\n<w:WordDocument>\n<w:View>Normal<\/w:View>\n<w:Zoom>0<\/w:Zoom>\n<w:TrackMoves \/>\n<w:TrackFormatting \/>\n<w:DoNotShowPropertyChanges \/>\n<w:HyphenationZone>21<\/w:HyphenationZone>\n<w:PunctuationKerning \/>\n<w:ValidateAgainstSchemas 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5.4pt;\nmso-para-margin:0cm;\nmso-para-margin-bottom:.0001pt;\nmso-pagination:widow-orphan;\nfont-size:11.0pt;\nfont-family:\"Calibri\",\"sans-serif\";\nmso-ascii-font-family:Calibri;\nmso-ascii-theme-font:minor-latin;\nmso-fareast-font-family:\"Times New Roman\";\nmso-fareast-theme-font:minor-fareast;\nmso-hansi-font-family:Calibri;\nmso-hansi-theme-font:minor-latin;\nmso-bidi-font-family:\"Times New Roman\";\nmso-bidi-theme-font:minor-bidi;}\n<\/style>\n\n\n<![endif]-->Institutul National de Statistica a publicat vineri<br \/>\nestimarile-semnal cu privire la cresterea economica din perioada<br \/>\niulie-septembrie: PIB real a scazut cu 0,7% fata de trimestrul<br \/>\nanterior, in date ajustate sezonier, si cu 2,5% in comparatie cu<br \/>\ntrimestrul corespunzator din anul precedent. Datele preliminare<br \/>\noficiale vor fi anuntate la 2 decembrie.<\/p>\n<p class=\"MsoNormal\">In opinia BCR, performanta slaba a economiei<br \/>\ndin perioada iulie-septembrie este urmare a masurilor severe de<br \/>\nausteritate fiscala aplicate de Guvern in vara &#8211; majorarea TVA cu<br \/>\n5%, reducerea salariilor din sectorul public cu 25%, diminuarea<br \/>\nunor ajutoare sociale si a subventiilor guvernamentale, care au<br \/>\nredus consumul gospodariilor populatiei. Formarea bruta de capital<br \/>\nfix a ramas probabil la un nivel scazut, in conditiile in care<br \/>\ninvestitiile in sectorul constructiilor s-au oprit aproape in<br \/>\ntotalitate dupa anii de boom economic.<\/p>\n<p class=\"MsoNormal\">Pentru ultimul trimestru, BCR are in vedere o<br \/>\ncrestere economica pozitiva fata de trimestrul anterior, &#8220;avand in<br \/>\nvedere ca efectele masurilor de austeritate ar putea fi absorbite<br \/>\ndestul de rapid. Prin urmare vedem anumite sanse ca performanta<br \/>\npentru intregul an 2010 sa fie putin mai buna fata de scenariul<br \/>\nnostru de baza de -2,1%&#8221;, afirma Eugen Sinca, analist al bancii.<br \/>\n&#8220;BNR ar putea relua ciclul de relaxare a politicii monetare in<br \/>\nprimul semestru din 2011 pentru a sprijini o reluare fragila a<br \/>\ncresterii economice. Un nou acord cu FMI, presiuni inflationiste<br \/>\nmai mici si o normalizare a mediului politic sunt elemente cheie<br \/>\nale acestui scenariu.&#8221;<\/p>\n<p class=\"MsoNormal\">Raiffeisen Bank Romania ramane la opinia ca,<br \/>\ndupa ce in perioada ianuarie-septembrie economia s-a contractat cu<br \/>\n1,9%, &#8220;este foarte probabil ca PIB real sa scada cu 2% in 2010, asa<br \/>\ncum estimeaza si FMI&#8221;. Nicolae Covrig, analist al bancii, constata<br \/>\nca &#8220;datele macroeconomice arata ca in continuare cererea interna<br \/>\nramane slaba, sub efectul masurilor de consolidare fiscala, desi<br \/>\nunele vesti relativ bune au venit din partea dinamicii<br \/>\nexporturilor&#8221;.<\/p>\n<p class=\"MsoNormal\">Din punctul de vedere al analistului<br \/>\nRaiffeisen, faptul ca Ministerul de Finante a renuntat la plafonul<br \/>\nde dobanda de 7% pentru atragerea de finantare, acceptand in<br \/>\nultimele zile sa plateasca bancilor dobanzi medii de 7,1% si chiar<br \/>\n7,3%, are legatura cu intarzierea prevazuta a aprobarii bugetului<br \/>\nin Parlament, &#8220;din cauza blocajului politic&#8221;, care va duce la<br \/>\namanarea urmatoarei transe de credit de la FMI si Comisia Europeana<br \/>\n&#8220;cel putin pana in ianuarie 2011&#8221;. In aceste conditii, autoritatile<br \/>\nromane se vor confrunta cu costuri de finantare mai mari la<br \/>\ntitlurile de datorie emise pe piata interna.<\/p>\n<p class=\"MsoNormal\">Sondajul intern al Asociatiei Analistilor<br \/>\nFinanciar-Bancari din Romania (AAFBR), dat publicitatii joi, a<br \/>\nindicat o scadere a PIB in trimestrul al treilea cu 0,7% fata de<br \/>\ntrimestrul anterior (estimarile au variat intre -0,5% si -2,5%), in<br \/>\ntimp ce scaderea fata de aceeasi perioada din 2009 era aproximata<br \/>\nla 2,3% (estimarile au variat intre -2% si -4%).<\/p>\n<p class=\"MsoNormal\">Pentru ultimul trimestru, opiniile AAFBR<br \/>\nindica o continuare a recesiunii (scadere a PIB cu 0,1% rata<br \/>\ntrimestriala si cu 2,5% rata anuala). Estimarile variaza intre<br \/>\n-0,5% si 0,1% pentru rata trimestriala, iar pentru cea anuala intre<br \/>\n-0,6% si -3,4%.<\/p>\n<p class=\"MsoNormal\">Pentru tot anul 2010, estimarea membrilor<br \/>\nAAFBR care au raspuns la sondaj plaseaza dinamica PIB la -2,2%<br \/>\n(estimarile variaza intre -1,6% si -2,8%). Pentru anul 2011,<br \/>\nparticipantii la sondaj se asteapta la o rata de crestere a PIB de<br \/>\n1,2% (estimarile variaza intre -1,8% si 2%).<\/p>\n<p class=\"MsoNormal\">AAFBR grupeaza peste 60 de analisti din<br \/>\nsectorul bancar, fonduri de pensii, societati de administrare a<br \/>\ninvestitiilor, societati de asigurari si din piata de capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analistii BCR considera posibila o crestere economica pozitiva in ultimul trimestru al anului in raport cu trimestrul al treilea, pentru care primele estimari oficiale au indicat scadere pe toata linia. Raiffeisen ramane rezervata in previziuni, in timp ce Asociatia Analistilor Financiar-Bancari considera ca economia va scadea si in ultimele trei luni din 2010.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7208],"tags":[17034,7267,5078,246,188,7136,7433,7931,2616,9803,179],"class_list":["post-44049","post","type-post","status-publish","format-standard","hentry","category-servicii-financiare","tag-aafbr","tag-banci","tag-bcr","tag-crestere","tag-economie","tag-finante","tag-fmi","tag-pib","tag-previziuni","tag-raiffeisen","tag-recesiune"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/44049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44049"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/44049\/revisions"}],"predecessor-version":[{"id":61617,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/44049\/revisions\/61617"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}