Romania's GDP Growth Estimated At 6.5% in '08
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Gross Domestic Product (GDP) will advance by 6.5 per cent in 2008 and by 6.1 per cent in 2009, according to National Commission of Prognosis (NCP), estimations for the spring report addressing the key indicators of the Romanian economy over 2008 – 2013, reporter.gr informs.
Romania’s economic growth will increase by 5.8 per cent in 2010 and in 2011 and by 5.7 per cent over the next two years, according to CNP.
CNP estimates a GDP amounting to RON 475 bln. (EUR 133.8 bln.), at an average exchange rate of RON / EUR 3.55 in 2008. The latest CNP prognosis in autumn was estimating GDP to amount to RON 442.8 bln. in 2008, and the short term March prognosis was indicating RON 470 bln.
The medium term spring prognosis released by CNP anticipates a gradual decrease of inflation until 2013, when it is expected to be below 2.5 per cent. For 2008, the prognosis related to inflation indicates 4.5 per cent, and it is expected to be 4 per cent in 2009.
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