Romania will face an imminent economic crisis that triggered its first alarm signals in late 2008. Wall-Street compiled the most important queries for 2009 that the economy and local business landscape is heavily dependent upon.

When will be the peak of the crisis?

The global economic environment will experience its worst job cut since the Great Depression. Companies in Romania said they would sharply cut workforce and squeeze production output, while 2008 investment programs were aborted, on sagging demand and deepening economic crisis.

Economist Nouriel Roubini, who signaled in 2007 that a global financial crisis would strike soon, wrote a commentary for Bloomberg, estimating that “the U.S. will certainly experience its worst recession in decades, a deep and protracted contraction lasting at least through the end of 2009”.

UK economy will also shrink by 2.9% in 2009, marking the entrance in its worst crisis since 1946.

For 2009, Romanian cabinet will face an imminent crisis, and its first signs were visible since late 2008, according to an analysis made public by Oxford Analytica.

Romania is experiencing its first economic crisis since the fall of communism, its performance in 2008 combined with a record economic growth of 9.1% in first nine months being backed down by the global financial crisis, reads Oxford Analytica research.

BNR governor, Mugur Isarescu said domestic economy would likely grow by 5-6% margin in 2006, if investments would be directed to blocked fields, such as infrastructure and agriculture.

Insiders cannot accurately predict the peak of financial crisis, in the domestic market.

Optimistics see the peak of the crisis in this summer, whereas the realistic estimations find that is still a long way to go until the end of the tunnel and probably, there is still more “cleaning to do in the global f