Romania Could Benefit From Global Credit Crunch – Ctrl Bkr

“So far, I am tempted to say the international financial crisis has had a positive impact, because it will help rein in lending growth,” Isarescu said.

The central banker said a prolonged subprime crisis might hinder economic growth, but current data indicate Romania’s gross domestic product growth shows no sign of slowing down.

Romania’s economy expanded by 8.2% in real terms in the first quarter of 2008, compared with 6% in the corresponding period a year earlier, according to the latest data from the country’s statistics board. A detailed breakdown will be released Thursday afternoon.