However, the bank maintained its growth estimate for this year unchanged at 1.5%.
“Looking ahead, the gross domestic product will have a positive evolution, but below its medium-term growth potential of 4%,” BRD said in a report.
It said private consumption is likely to consolidate in 2011, but its evolution in 2012 will be modest. Likewise, investments could grow more robustly, provided the absorption of European funds intensifies, BRD added.
The bank forecasts an economic growth of 3.3% in 2013.