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Romania’s Prognosis Commission May Up ’08 GDP Growth Forecast To 7.5%

Romania’s Prognosis Commission, or CNP, might revise this year’s estimation for the gross domestic product growth to 7.5%, from 6.5%, CNP president Ion Ghizdeanu said on Thursday.
12 iun. 2008, 15:24, English

"The surveys show that the second quarter economic growth will be somewhere between 7.5% and 8%. In the second half of 2007, the country’s economy has accelerated, so the GDP growth in the second quarter could be lower, on a negative base effect," Ghizdeanu said.

Ghizdeanu said that a 7% level of this year’s economic growth is "certainly" a low estimation, adding the next estimation will bring at least one percentage points to the previous one.

Romania’s GDP grew 8.2% in the first three months of the year, well above the 6% growth reported in the same period a year earlier.

Economy and Finance Minister Varujan Vosganian said Thursday the economic growth is seen nearing 8% in the second quarter.