economic growth

Workforce migration and a low birth rate are demographics that will hinder Romania from sustaining long term economic growth, Romania’s central bank chief economist Valentin Lazea said Thursday.

Romania’s economy and finance minister Varujan Vosganian said Tuesday that the country’s economic growth will likely be 8% at the end of the year.

Romania’s economic growth is seen at 8% or 9% in 2008, and the inflation rate at 6% or 7% at yearend, central bank governor Mugur Isarescu said Monday.

Romania’s economic growth is seen nearing 8% in the second quarter, compared with a gross domestic product growth of 8.2% in the first three months of the year, Economy and Finance Minister Varujan Vosganian said Thursday.