Romania’s BCR Says Inflation Might Exceed Ctrl Bk 8.3% Projection End-March

Analysts with Romania’s largest lender BCR, owned by Austria’s Erste Bank, said in a report that the inflation rate would exceed the central bank’s projection of 8.3% at the end of the first quarter.

8 views

Romania’s average inflation is seen growing in 2008 to 7.6%, from 4.8% at the end of 2007.

BCR also said the 2008 economic growth might exceed 7% this year, compared with 6% in 2007.

"The estimation was made on a high pace of the construction output, a slight acceleration of the industry and a normal agricultural year. The first quarter could be the best quarter of the entire year from the perspective of the economic growth", a BCR report shows.

But BCR economists say uncertainties regarding the weather conditions might influence the economy more than the international financial turmoil.

BCR’s prognosis for this year shows a 6.% increase of the real gross domestic product, and 6% for next year.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.