However, European analysts are expecting a tempering of GDP in 2009, to 5.1 percent, compared to its 4.7 percent spring estimate.

The improved prognosis for this year is due to significant year-on-year results in the agricultural sector.

The EC also revised its estimate for average inflation in 2008, to 7.8 percent, from an initial forecast of 7.6 percent, as the effects of the international economic crisis are also expected to affect Romania’s economy.

Another indicator analyzed by the European Commission was its current account deficit, which the European institution believes continues to be worrisome, albeit slight lower, and which “together with worsening fiscal perspectives make Romania more vulnerable to external shocks, especially in this period of the global financial crisis,” concluded the EC fall prognosis.