Romanian 2012 GDP Growth Might Be Revised To 2.5%, From 3.5-4% - Ctrl Bk Official -
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News » September, 2011 » 10 September 2011

Romanian 2012 GDP Growth Might Be Revised To 2.5%, From 3.5-4% - Ctrl Bk Official
10.09.2011, 13:47 | Finance-Banks | 528 views

Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of exports, says central bank chief-economist Valentin Lazea.

Lazea pointed out that the statement was his personal opinion, not the central bank's official position.

Exports rose 25.5% on the year to EUR25.8 billion in January to July, but growth rate was 15 points lower than at the end of the first quarter.


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