Lucian Anghel, Chief Economist of Banca Comerciala Romana (BCR) lender said that the Romanian economy registered a high growth rate in this year’s third quarter. “GDP was high in the third quarter, especially compared to other countries in the region. I believe the economy increased by 8.4-9 percent in this period. Agriculture was the main engine for this economic growth, followed by construction,” said Anghel.
Liviu Voinea, Chief Executive Officer of Group of Applied Economics (GEA) said that the pace of GDP, which probably registered an eight percent increase in Q3, will slow in this year’s fourth quarter.
Dragos Cabat, Managing Partner of the Financial View advisory company, estimated a growth rate of 7 percent in the third quarter. He added that the slowdown already exists and will become even more visible in Q4. “I believe that Romania’s economy will register a 3-4 percent growth pace in the fourth quarter, and this will continue to drop in 2009,” he added.
