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Romanian 07 GDP +6% On Yr Vs +7.9% Yr Ago

Romania’s 2007 gross domestic product growth slowed to 6% on the year in real terms, compared with a revised 7.9% a year before, the National Statistical Institute, or INS, said Tuesday.
Romanian 07 GDP +6% On Yr Vs +7.9% Yr Ago
04 mart. 2008, 11:21, English

The INS revised upwards the 2006 GDP figure to 7.9% from the previous 7.7%, the Romanian central bank said in a report.

The INS said that GDP totaled an estimated 404.7 billion lei ($163 billion) last year.

In the fourth quarter of 2007, GDP grew 6.6% on the year in real terms, compared with 7.7% growth in the corresponding period a year earlier.

Romania’s economic growth has been robust in recent years, increasing by an average 6.5% per year between 2003 and 2006. The country’s forecasting commission expects economic growth of 6.5% in 2008.

The INS said it would give further details on full-year GDP at a press conference Mar. 12.