Romania's Economic Growth Pace to Slow Down, says IMF

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In 2007 and 2008 Romania's economic growth pace will slow down. From a 7.7 percent real growth of the gross domestic product in 2006 it is to come down to a 6.5 percent growth in 2007 and a 4.8 percent growth in 2008, said the International Monetary Fund (IMF), ACT Media News Agency reports.

In its six-month report referring to the prospects of the world economy ('World Economic Outlook'), the IMF predicts for Romania a slowdown of the economic growth pace, which is, on the other hand, associated with a diminution of inflation in 2007.

Thus, the index of the consumer prices in Romania would go down from 6.6 percent in 2006 to 4.5 percent in 2007. But next year the Fund stakes on a 5 percent inflation.

As for the current account deficit the Fund estimates a slight decrease for Romania from 10.3 percent in 2006, a similar level in 2007 and to 9.8 percent in 2008.

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