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Consensus Economics Sees Higher Inflation On Lower C/A In Romania

Consensus Economics, which groups economic forecasts of banks and international institutions revised higher Romania’s 2008 inflation forecast and sees better data for the economic growth and the current account deficit.
Consensus Economics Sees Higher Inflation On Lower C/A In Romania
18 mart. 2008, 15:10, English

The Consensus said in its most recent report it sees Romania 2008 inflation at 6.5%, up from its previous forecast of 6.3%. The country’s Prognosis Commission sees this year inflation at 7%.

For 2008, inflation is seen descending to 5%.

The Romanian central bank has set an inflation target of 2.8%-4.8% for this year but said in December it expects prices to grow by 5.9% at the end of the year.

Analysts with Consensus Economics said Romania’s economic growth would be 5.4% in 2008, a slowdown compared with 2007 when the GDP reported a 6% increase in real terms. In its previous report, the Consensus said it expected the Romanian economy to grow by 5.3% this year.

For 2009, the analysts forecast a 5% growth of the GDP in real terms.

The current account deficit is seen at $26.8 billion by the Consensus, lower compared with its previous forecast of $27.1 billion.

Consensus Economics, founded in 1989, is the world’s leading international economic survey organization and polls more than 700 economists each month to obtain their forecasts and views. It groups Global Insight, DIW Berlin, EFG Eurobank, ING Bank, UniCredit MIB, Economist Intelligence Unit (EIU), Kopint-Traki, Deutsche Bank, Goldman Sachs, Raiffeisen Zentralbank andUBS.