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Romania’s Econ To Grow By 8% In ’08, To Keep Growing Next Yr – Ctrl Bk Head

Romanian economy will grow by 8% in 2008, and will remain in "positive territory" next year, central bank governor Mugur Isarescu said Wednesday.
Romania's Econ To Grow By 8% In '08, To Keep Growing Next Yr - Ctrl Bk Head
10 dec. 2008, 13:58, English

Isarescu also said that he expects a higher unemployment rate, but lower inflationary pressures for 2009.

End-November, Isarescu said that the gross domestic product, or GDP, will grow between 3% and 6% 2009, depending on the accuracy of the diagnosis and the subsequent policy mix.

According to a poll made by Mediafax on November 26 among 11 Romanian and foreign analysts, the economy will grow by 8.2% on average in 2008 and will slow down to 3%-4% in 2009.

Romania’s gross domestic product rose 8.9% on the year in January-September period, while in the third quarter it soared 9.1% on the year.