Romania to register third-highest CEE financial wealth growth rate in 2008-2009

Autor: redactia @standard.ro | Sursa: Standard.ro | Publicat: 30 nov 2007, 00:00

Romania will register the third-highest financial wealth growth rate in Central and Eastern Europe (CEE), of 19 percent in 2008-2009, following Russia, with 31 percent, and Bulgaria, with 21 percent, according to a study by UniCredit Group, one of Europe’s largest banking and financial service organizations.

ARTICOLE redactia @standard.ro

redactia @standard.ro

UniCredit forecasts average annual Romanian inflation at 4.7 percent by the end of 2007, an increase of up to 5.7 percent by the end of 2008, followed by a drop at the end of 2009 to 4.4 percent.

The bank further expects the leu to strengthen in the coming two years, to reach an average exchange rate of RON 3.34/€ by the end of this year, RON 3.33/€ by the end of 2008, and RON 3.35/€ by the end of 2009.

The group is also considering a current account deficit of 13.5 percent of GDP by the end of 2007, 14.1 percent by the end of 2008, and 13.8 percent by the end of 2009. (NewsIn)

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